The combined business would be owned 50/50 between shareholders of FCA and Groupe Renault.Autosread more
As trade talks between the U.S. and China increasingly center on Chinese treatment of foreign companies, Beijing says major American complaints about structural aspects of its...China Economyread more
Trump calls the US trade imbalance with Japan "unbelievably large."Politicsread more
Some House members want to lift the cap on state and local tax deductions, but it could be tough, in part because the move is expected to benefit high earners.Politicsread more
Smartphone users in Singapore, the U.K. and China told CNBC's "Beyond The Valley" that foldable smartphones are "very strange," "super bulky," and expensive compared to the...Technologyread more
Measles infected almost every American child until the vaccine eliminated the disease from the US. Now some parents are refusing to vaccinate their children, threatening to...Health and Scienceread more
Economic activity in the U.S. is "quite strong" while China has managed to stabilize its economy, said Tan Min Lan, Asia-Pacific head of chief investment office at UBS Global...World Economyread more
The U.S. is showing signs of targeting China's domestic surveillance and the tech supporting it.Technologyread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Plant-based protein makers Beyond Meat and Impossible Foods may be taking the food industry by storm, but there's no guarantee their products are healthier than the real...Fast Moneyread more
If you value reliability and quality over a posh cabin and jealous looks, the Lexus LX 570 two-row is the Japanese Range Rover you need.Autosread more
A weak May jobs report raised concerns about the labor market. But a former McDonald's chief executive thinks the U.S. economy may be in worse shape than it seems.
"I think we're in a small-business recession, and if we don't start opening up the opportunity for entrepreneurs to grow their business, we're going to continue see this drop in jobs. We need to energize small businesses," Ed Rensi told CNBC's "Closing Bell" on Friday.
The U.S. economy added just 38,000 jobs in May, the Labor Department said Friday. The number came in well below economists' expectations for about 162,000, according to Thomson Reuters.
The headline unemployment rate dipped to 4.7 percent. A more encompassing rate held steady at 9.7 percent.
Those figures came after lackluster gross domestic product growth in the first quarter.
Multiple factors could continue to drag on entrepreneurship and small-business hiring, Rensi said. He cited taxation, regulations and minimum wage increases, among others.
The federal minimum wage is $7.25 an hour, though some cities and states have set a higher rate. Democratic presidential candidate Sen. Bernie Sanders of Vermont and others have argued for a $15-per-hour federal minimum wage saying it will increase consumer spending and lower income inequality.
Rensi contended that technology has replaced workers for decades, and "will accelerate if these minimum wage rates end up at $15 an hour." However, he said states should regulate minimum wages because they understand consumers and economic demands of the area better.
Wages should be higher in more expensive localities, he said.