Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
The U.S. Treasury on Wednesday expanded its hunt for international criminals who launder money through real-estate deals by ordering title insurance companies to report all-cash buyers' identities in parts of California and Texas, as well as greater swaths of New York and Florida.
The program to unmask the individuals behind shell companies that buy high-end houses with cash will still cover New York City's Manhattan and Miami-Dade County, its two focus areas announced in January. Starting in August, it will also reach into New York's boroughs, Florida's Broward and Palm Beach counties, and Los Angeles, the San Francisco Bay area, and San Diego, California, as well as San Antonio in Texas.
Alongside uncovering illicit activities by generating investigative leads and identifying new suspects, the program is informing future regulation, according to the department's Financial Crimes Enforcement Network, or FinCen.
"By expanding ...to other major cities, we will learn even more about the money-laundering risks in the national real estate markets, helping us determine our future regulatory course," FinCen Acting Director Jamal El-Hindi said in a statement.
The price threshold for reporting an all-cash transaction in Manhattan is $3 million and in the surrounding boroughs $1.5 million. The threshold in Florida is $1 million, and in California $2 million. The Texas threshold is the lowest at $500,000.