The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The new gadgets, which will include a voice-responsive "smart speaker" modeled on Amazon's Echo, are the first products of a new hardware division set up earlier this year.
Google has in the past mainly developed hardware to show off its software and services and to encourage other consumer tech companies to create a mass market for the technology. But like Microsoft, whose Surface has become the leading product in a new category of tablet/laptop hybrids, Google has been drawn deeper into developing its own distinctive products.
The new devices are about Google "owning more of the hardware category", said Jan Dawson, senior analyst at Jackdaw Research, though the main impetus will still be "about showing partners the way forward".
Google has tried to break into smartphone hardware before, with a shortlived attempt to make mid-range devices when it owned Motorola. It also uses Nexus phones that are co-branded with device makers and intended to act as flagships for its Android software.
The launch of a new phone under its own name, which is expected at an event in San Francisco on Tuesday, marks its most direct attack on the high end of the smartphone market dominated by Apple's iPhone and Samsung's top-of-the-range Android devices.
About four in every five new smartphones are shipped with Google's Android operating system, but Apple has maintained a lock on the most wealthy customers and claims a widening lead for the amount spent in its App Store compared to Google's rival Play store. "Google can't stand idly by and let all these [wealthy] eyeballs go to Apple," said Geoff Blaber, an analyst at CCS Insight.
While the Nexus is sold online as part of a new direct sales model, the new Google phone is expected to include partnerships with mobile carriers to reach a wider market. The details Google will reveal this week about the phones themselves are "much less important than the marketing and distribution", said Mr Dawson.
Other hardware expected this week includes Home, which is designed to tap into the new market pioneered by Amazon's Echo. The voice-activated device will be a showcase for Google's voice-based Assistant, one of the most important products of the company's recent push into artificial intelligence. The same technology is also expected to be embedded in the new Google phones, matching Apple's use of Siri as a voice-activated assistant in the iPhone.
Though the Echo has an early lead in the new category of smart home devices, Google "should have a big advantage over Amazon in search and machine learning", said Mr Blaber.
At an event in May outlining its hardware plans, Google also promised a virtual reality headset that would be paired with its Android phones for this autumn, launching a VR platform to rival Facebook's Oculus. The Facebook technology is used by Samsung, which has pioneered mobile VR, driving a wedge into the Android world and posing a long-term challenge to Google.