Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
"The important thing is that you shouldn't try to hit homeruns this week, because you're much more likely to end up striking out," Jim Cramer says.Mad Money with Jim Cramerread more
Reps. Ilhan Omar, Ayanna Pressley, Alexandria Ocasio-Cortez and Rashida Tlaib said Trump challenged them personally because he was not able to defeat them on the policy level.Politicsread more
A financial disclosure made by lawyers for Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, reveals he has nearly $560 million in assets.Politicsread more
Boeing met with aircraft leasing firms and financiers in New York as the grounding of its popular 737 Max planes drags on with no clear timeline for getting the planes back in...Aerospace & Defenseread more
Both companies report earnings on Aug. 8, so the CBS and Viacom boards have set that as a natural deadline to agree to a merger. Price won't be discussed by the companies...Technologyread more
Former Italian Prime Minister Matteo Renzi regained the leadership of the governing center-left Democratic Party (PD) with a comfortable victory on Sunday, partially completing his political comeback just five months after tendering his resignation.
According to partial results, Renzi secured over 70 percent of the vote in Sunday's primary. Around 2 million people reportedly cast their ballots in makeshift voting booths around the country, which had been widely regarded as a key test before a general election due early next year.
Sunday's overwhelming triumph for Renzi marked the first step of his ambitious and prompt bid in becoming Italy's premier once again. The animated Florence-born politician, previously dubbed the "demolition man" for his ambitious reformist policies, faced an embarrassing constitutional referendum defeat in December and was subsequently forced to resign.
"This is an extraordinary responsibility. Heartfelt thanks to the women and men who believe in Italy," Renzi wrote in an Instagram post shortly after his victory was confirmed on Sunday.
The PD will now begin preparations for parliamentary elections due next May.
"Most probably the next parliament will be a parliament with no majority… It may be a situation like the one we have seen in Spain," Giampaolo Galli, a member of parliament for Renzi's Democratic Party, told CNBC on Tuesday.
Spanish Prime Minister, Mariano Rajoy, currently leads a minority government having lost support to newcomer parties in a general election last year. According to the latest opinion polls, Renzi's PD remains between 2 and 8 points behind the anti-establishment and anti-euro Five Star Movement (5SM) party.
"There may be a need to call for a new election (and) there may be a need for creating coalitions which are rather unnatural," Galli added.
Meanwhile, Barclays economist Fabio Fois stressed that despite Renzi's reelection on Sunday, a lack of meaningful reform to the country's voting system would mean it is unlikely for snap elections to be held as soon as Fall this year.
"(However) should the electoral rule be improved in a way that minimizes the risk of post-election paralysis, we cannot rule out snap elections being called earlier, possibly in September/October this year," Fois said in a note.
In the event of a snap general election, Italy's economic problems could quickly move to the foreground as lingering banking sector worries, stagnating productivity and sky-high public debt levels all continue to trouble investors.
Follow CNBC International on and Facebook.