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
Donald Trump's comeback in the 1990s was not due to tax maneuvering but from shrewd business acumen, said Trump supporter Howard Lorber, chairman of New York City real estate powerhouse Douglas Elliman.
The GOP presidential nominee's use of the net operating loss provision to the tune of $916 million in 1995 — and speculation he may have paid no income tax for nearly two decades — has created a tug-of-war, with supporters calling the move smart and critics crying foul.
Trump's campaign narrative that he's a smart businessman and successful dealmaker, therefore he'd make a good president, still rings true, Lorber told CNBC's "Squawk Box" on Wednesday.
"The comeback came pretty quickly. And the chances are he didn't have the chance to even use that loss carry forward [tax move]," the Douglas Elliman chairman said, adding he's "bullish" on Trump winning the presidency.
According to The New York Times, Trump faced hard times coming out of the 1980s.
By 1990, Mr. Trump had amassed $3.4 billion in debt, much of it in the form of high-interest junk bonds. He was personally liable for $832.5 million of that.
Lorber, who has known Trump for three decades, countered by saying: "His comeback was because he stuck it out, he worked out things with the bank, he's a good negotiator, and he lived another day to start again."