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
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
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread 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
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
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
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
In the wake of the resignation by Uber CEO Travis Kalanick and expectations for the company to hold an initial public offering in the near future, Jared Carmel said in an interview Wednesday with CNBC's "Power Lunch " that it was the right time for the company to have new leadership.
Carmel, a managing partner at Manhattan Venture Partners who is involved in pre-IPO investment, praised Kalanick for being a disruptor that changed a highly regulated industry, but said the company now needs to be led by someone with more experience.
"It's one thing to have a CEO with a great vision ... but at this point and at this juncture in the life of Uber and the likely IPO that should come at some time in the near future, I think you need a C-suite with gravitas that understands how to run a public company."
Carmel, an investor in ride-hailing company Lyft, said the drama surrounding Uber has distracted the company, and opened the door for Lyft to grow into their space.
"Depending on the city you're in, both drivers and customers alike seem to prefer Lyft," he said.