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
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
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
The Detroit automotive industry is closely tied to General Motors, especially now that the Motor City is reviving itself after filing for bankruptcy in 2013.
GM CEO Mary Barra said people continue to come to southeast Michigan, noting that GM remains true to its general philosophy of "we are going to build where we will sell." Barra touted GM's facilities that remain in the Detroit area even as it and competitors move some operations out of the country.
"We build plants in Detroit Hamtramck. We have our Renaissance Center, we have over five thousand people. And then in southeast Michigan, in Warren we have our engineering center. So we have people all across this area," Barra told CNBC's "Power Lunch. "
Barra added that GM has tried to fight the "brain drain of Detroit" through investment in education.
She explained that over the last five years, GM has donated more than $27 million dollars to Detroit. By working with seven high school, GM has helped to improve graduation rates in Detroit. Barra said "we know that is still not good enough, but a great thing that is happening now is that with the state, the city and local businesses, we are all working together" to improve schools.
With plans to keep more jobs in Michigan, GM is looking at innovation and technology. Barra added that GM wants to lead in autonomous cars.
Said Barra: "General Motors is dedicated to leading in this area, but doing it in a safe fashion ... I would say though that our core business of cars, trucks and crossovers that you buy and own is going to be our business for a very long time."