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
China's state-owned automaker SAIC Motor now has clearance to start testing autonomous vehicles on public roads in California.
The SAIC Innovation Center in Silicon Valley, established in 2015 as a subsidiary of SAIC Motor, received the permit this week, according to the California Department of Motor Vehicles website.
Employees of the SAIC group include former Delphi Labs Silicon Valley software lead Ryan Middleton and former Honda Research principal scientist Rakesh Gupta. The group did not immediately respond to a request for comment.
Two of SAIC's rivals in China's automobile market, Dongfeng and FAW, have not yet received approval to test autonomous vehicles in California. Changan, the other major Chinese automaker, recently announced a partnership with Chinese internet company Baidu, which does have permission to test autonomous vehicles in the state.
SAIC Motor sold nearly 6.5 million vehicles in 2016. In a statement earlier this year, SAIC said its self-driving cars had run for more than 12,000 miles each in road tests. The company did not disclose the number of self-driving cars in its fleet.