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
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday afternoon amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.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
China accounted for 40% to 60% of the global increase in trichlorofluoromethane, or CFC-11, emissions between 2014 and 2017, a study found.Scienceread 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
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Tech usage and addiction inspires a billion-dollar mindfulness industry. CNBC's Uptin Saiidi attempts three days without any digital gadgets.Technologyread more
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
A key measure of consumers' attitudes was lower than expected this month, showing that consumers had a slightly dimmer view of the economy even prior to Friday's stock market rout.
The Index of Consumer Sentiment hit 93.5 in June, the University of Michigan said Friday. Economists expected the index of consumer sentiment to hit 94 in June's final reading, down from 94.7 in May's final reading, according to a Thomson Reuters consensus estimate.
"While no recession is anticipated, consumers increasingly expect a slower pace of economic growth in the year ahead," Richard Curtin, the chief economist of the survey, said in a statement.
The normal interviewing schedule for the survey would have run from May 26 to June 22. It came on a day when U.S. stock markets opened sharply lower as the global economy digested Britain's departure from the European Union.
The monthly survey of 500 consumers measures attitudes toward topics like personal finances, inflation, unemployment, government policies and interest rates.
It showed a departure between consumers' assessment of the present and their view of the future.
The index of current economic conditions rose to 110.8 this month, compared to 109.9 in May. It was the highest since 2007, led by strength in consumer spending and personal finances.
Meanwhile, the index of consumer expectations fell to 82.4 in June, compared to 84.9 in May, reflecting a perceived volatile path for gross domestic product.
"The stability in the overall sentiment index reflects a gradual improvement in assessments of current conditions being offset by a downward drift in the economic prospects," Curtin said.