The combined business would be owned 50/50 between shareholders of FCA and Groupe Renault.Autosread more
Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The U.S. is showing signs of targeting China's domestic surveillance and the tech supporting it.Technologyread 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
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
The result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Investors are largely focused on results of the EU parliamentary elections. Euroskeptic parties in Britain and France made solid gains.Europe Marketsread more
Former Apple CEO John Sculley says this skill is vital to all great business leadership.Successread 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
Prime Minister Narendra Modi has to make sure that India becomes a highly competitive manufacturing hub where global investors will look to invest, the chairman of India...Asia Economyread more
U.S. President Donald Trump said Monday he expects to get the trade gap with Japan "straightened out rapidly," adding that announcements on that could come as soon as August.World Economyread more
Intel chips will be used for the AT&T version of iPhone and other overseas models, Bloomberg reported Friday. Intel shares inched higher after the news. Verizon phones and iPhones sold in China will stick with Qualcomm, sources told Bloomberg.
Rumors of an Intel-Apple deal have plagued Qualcomm for some time, wrote Brean Capital analyst Mike Burton, who Thursday downgraded Qualcomm stock to "hold."
"We believe that Apple has had a meaningful influence on the pricing dynamics of mobile devices; if Apple's aspirational device is not holding up the high end of pricing, the entire market tends to suffer," Burton wrote in a research note, adding: "While it is unclear how much this will impact QCOM and we believe QCOM has appropriately modeled this near term, we think that Apple is using Intel as a 'hammer' against QCOM."
It came as Intel has undergone steep cost-cutting amid a cooling PC market, with shares down nearly 7 percent year to date as the company mounts a pivot toward mobile and cloud computing. Qualcomm shares are up about 8 percent so far this year.
Intel and Qualcomm both declined to comment on the report. Apple did not immediately respond to CNBC's request for comment.