More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
– This is the script of CNBC's news report for China's CCTV on July 12, Tuesday.
Welcome to CNBC Business Daily, I'm Qian Chen.
Five years ago, there was no more vocal opponent of mobile games than Nintendo. Today, the company is positioning itself as a leader in the field.
"Pokemon Go" has become a phenomenon in the mobile world - the likes of which haven't been seen since the early days of "Angry Birds." The app, which features the Nintendo franchise, soared to the top of Apple's app store and gross revenues charts in just two days. And it's showing no signs of slowing down.
Analytics firm SimilarWeb said the number of daily active users is already nearly on par with Twitter.
One analyst estimates the free game boasted day one revenues of between $3.9 million and $4.9 million.
And that could just be the tip of the iceberg. Pokemon Go has only launched in the U.S., Australia and New Zealand. Launches in other markets, including the company's home country of Japan, are still looming.
[Satya Nadella, Microsoft CEO] "I think its fantastic to see these AR application getting built, because the best thing can happen when you are creating a new catagory is for applications that these killer apps, whether game or be in industry scenario, to get invested in, so the Pokemon interest hopefully will translate into a lot of interests even in Hololens."
Not long ago, Nintendo was the industry's biggest critic of mobile games.
Satoru Iwata, the normally genial president of Nintendo in 2011, wasted no time attacking the mobile industry's game offerings, calling them substandard and a threat to traditional electronic entertainment companies, including his own.
Iwata, who died of cancer in 2015, changed his thinking a few years later, as the Wii U floundered and investors began to strongly urge the company to alter its stance. And he spent the last two years of his life working with The Pokemon Company and game developer Niantic on "Pokemon Go."
Nintendo's shares soared almost 25 percent in trading Monday, after gains of just under 9 percent Friday.
Nintendo owns one-third of The Pokemon Company and holds an undisclosed stake in Niantic. It also took a 10 percent ownership position in Japanese mobile developer DeNA last year.
Analysts say the excitement surrounding "Pokemon Go" could benefit the company as it prepares to launch its new console system - code named "NX" - next March.
CNBC's Qian Chen, reporting from Singapore.