Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
In last week's decision to raise rates, Fed officials indicated that full employment is getting closer, with the jobless rate currently at 4.6 percent.
Job creation has been steady and job openings are up, Yellen said in prepared remarks Monday to a University of Baltimore commencement ceremony, where she was due to receive an honorary degree. She also mentioned challenges, including "slow economic growth" and "disappointing productivity."
Recent economic gains have raised living standards, she said, citing trends toward technology and globalization that have increased the demand for college degrees. Yellen also noted the college-to-high school diploma pay gap is now 70 percent, compared with 20 percent in 1980.
"Economists are not certain about many things. But we are quite certain that a college diploma or an advanced degree is a key to economic success," Yellen said.
In its statement last week, the Federal Open Market Committee said "economic activity has been expanding at a moderate pace since mid-year," which was an upgrade from November's assessment that growth had "picked up from the modest pace seen in the first half of this year."
—Reuters and CNBC's Jeff Cox contributed to this report.