Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
After holding parliamentary elections over seven phases, India started counting the votes on Thursday — and Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition...Electionsread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
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Japan's Panasonic said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company.Technologyread more
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution...Asia Marketsread more
Research analyst Adam Jonas, a long-time Tesla bull, said it's extremely unlikely that big tech firms like Apple or Amazon would buy it.Technologyread more
The disclosures come as a federal judge ruled Wednesday that two other banks — Deutsche Bank and Capital One — can give financial documents to Congress, NBC News reports.Politicsread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
Following success in the Nevada state primaries, Republican presidential candidate Donald Trump looks set to extend his lead in the race for the Republican party nomination.
According to NBC polls, Trump leads in four of six states going into Super Tuesday next week.
Mike Thompson, Managing Director and Chairman at Standard & Poor's Investment Advisory Services, said he didn't think investors knew how to respond to Trump's run.
"I think markets are in a kind of a state of disbelief. I don't think they've ever seen anything like this.
"The extreme between the two parties is really striking," he told CNBC Wednesday.
Thompson said the election process itself was like something that nobody has ever dealt with.
"It's like somebody broke all the rules.
"Its unfamiliar territory and it's hard to take a historical precedent and apply it in this situation," he said.
Tax reform has so far been largely absent as a debate topic in the U.S. election race.
U.S. corporations pay 40 percent tax on domestic operations, one of the highest rates in the world according to KPMG.
Thompson claimed levies on U.S. companies were a poor way of collecting revenue and raised less than 20 percent of U.S. government taxes.
"Some people are making the argument that you can create more jobs and income tax from personal income tax receipts by just getting rid of the corporate tax rate" he told CNBC.
"At the same time you vault the U.S. to the premier place, in the biggest unified consumption engine, to be a business owner."