President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Billionaire long-term investor Ron Baron said Tuesday that Tesla Motors could be a stock he owns for the next 10 to 20 years. "I think in this one investment we can make $6 or $7 billion" over that time period, he said.
"I think this could be one of the largest companies in the United States and the whole world," Baron told CNBC's "Squawk Box. " In a wide-ranging interview, he also said the overall stock market is cheap at current levels.
Baron said it's taken three years to amass a $300 million stake in Tesla, with an average cost per share of $210. "So we've made very little so far. But often times it takes us a very long time to [make money]."
Tesla shares closed Monday at just over $220 per share.
"I go there every three or four months. I look at the factory and see how much is changing," said the chairman and CEO of Baron Capital, which has $21 billion in assets under management.
Baron said he's investing in Tesla CEO Elon Musk and the 14,000 workers at the electric-car maker. "The competition is not anywhere. They could have caught him four or five years ago. But they can't catch him now. he's too far ahead."
Last month, Tesla raised $1.46 billion in fresh capital from the sale of its 6.8 million new common stock offering, according to the Thomson Reuters-owned market research firm International Financing Review. The pricing was lower than its previous sale price at $242 per shares in August, and below a year high of $286 hit in July. Tesla is seeking to help finance a plan to expand production to 500,000 vehicles per year by 2018, including a major rollout of the less expensive Model 3 sedan.
"I don't think [Musk] is going to be back to the market for quite a while, if he's ever going to be back to market for equity again," Baron said. "Throughout his whole operation, he has the opportunities to invest small amounts of capital and have high rates of return."
Baron expects Tesla to continue to grow rapidly. "They're going to be $20 billion in sales next year, $20 billion. This year, they're doing $8 or $9 billion. Last year they did $5 or $6 [billion]."
Pointing to Tesla's upcoming $5 billion mega-battery factory, which has an investment from Panasonic, Baron predicted: "They can do as much sales in batteries ultimately as they can in cars."
To watch the broadcast interview in its entirety click here, but you must be a CNBC PRO subscriber.