The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
President Barack Obama tackled the so-called "gig" economy — and the growing number of Americans who move from one temporary job to the next without benefits — in a summit this week at the White House.
The president, as well as leaders from business and tech start-ups, touched on other labor-related topics including minimum wage, unions, sick leave, automation and freelancers, in order to brainstorm on how to better create regulations around the evolving American workforce in the summit Wednesday.
"We've got folks who are getting a paycheck driving for Uber or Lyft; people who are cleaning other people's houses through Handy; offering their skills on TaskRabbit," the president said. "And so there's flexibility and autonomy and opportunity for workers."
But the president cautioned that the change could have negative consequences for employee rights and benefits.
Meanwhile, the president praised companies such as Costco, highlighting its starting salary of $11.50 an hour, employee benefits and opportunities for growth.
"If the combination of globalization and automation undermines the capacity of the ordinary worker and the ordinary family to be able to support themselves … then we're going to have problems," he said.
Dan Teran, co-founder of technology office management start-up Managed by Q, was invited to take part in the discussion.
"I think including technology companies and new economy employers at the table was a smart move to make sure that we're really moving toward the future of work, rather than trying to recreate the past," Teran told CNBC after the event.
Teran's start-up employs approximately 400 workers, including software engineers, cleaners, handymen and assistants. Its staff members are all considered W-2 employees with health benefits, 401(k) and paid time off.
He participated in a panel that addressed the challenge of who bears the costs of benefits to a worker who works multiple gigs.
"We get better and better at leveraging technology to do stuff that people used to do," he said. "I think it can be a brilliant future, but we have to get there thoughtfully.
Arun Sundararajan, a professor of information, operations and management sciences at New York University, spoke on what needs to be done to refashion the social safety net to better suit the emerging freelance workforce.
"We're not in a world anymore where everyone wants full-time, salaried employment," he told CNBC. "It's hard to use minimum wage (laws) to help someone who runs their own business of one, and this is a growing fraction of the workforce."
Obama criticized companies that in recent years have cut costs by hiring contractors and "permatemps — workers who labor side-by-side with full-time employees but don't earn the same pay and benefits and job security."
The president acknowledged it would be unlikely for Congress to pass legislation related to the issue during his remaining 15 months in office, but he emphasized the importance of creating the conversation.
Teran of Managed by Q said his trip to the White House affirmed that there are many stakeholders deeply interested in what the solution will be and the importance of holding the Summit. "It seemed like people are mostly on the same page about what is not working," he said. "But nobody has a super clear idea of how we fix it."