More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Warren's election reform proposal includes standardized federal election rules, increased federal oversight of elections, and a constitutional amendment guaranteeing voting...Politicsread more
Apple's iOS 13 is coming this fall, but you can already try it on your iPhone with the new public beta. Here are some of the best hidden features.Technologyread more
Even if the debate stage will be more crowded than ever, recent history shows they can reveal the candidates' skills and character - even if the two stand at odds.Politicsread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
Uber co-founder and board member Garrett Camp told employees that the company's former CEO Travis Kalanick isn't returning to fill his prior role, sources told Recode. In an email to staff on Monday, Camp addressed recent reports that Kalanick was attempting to come back as CEO.
Camp wrote that he received several questions about the CEO search when he attended a product leadership all-hands last week.
The ride-hail company is in the middle of finding a replacement for Kalanick after he was ousted by a handful of major shareholders. The board has since narrowed down that search to four people but not without some meddling from Kalanick. As Recode reported, Kalanick has been telling people he's "Steve Jobs-ing it" and will return to the company.
"Our CEO search is the board's top priority," Camp said in the email. "It's time for a new chapter and the right leader for our next phase of growth. Despite rumors I'm sure you've seen in the news, Travis is not returning as CEO. we are committed to hiriring a new world class CEO to lead Uber."
Uber declined to comment.
"Uber must evolve and mature as we improve our culture and practices, to achieve our mission of bringing mobility to everyone," he continued. "We are dedicated to making Uber successful and keeping everyone informed of our progress."
Here's the full email:
I've spent a lot of time focused on Uber these past few months, talking to employees in product and engineering and helping wherever I can. Last week I joined a product leadership all hands, and several questions were about the CEO search and confusion around the process.
Our CEO search is the board's top priority. It's time for a new chapter, and the right leader for our next phase o growth. Despite rumors I'm sure you've seen in the news, Travis is not returning as CEO. We are committed to hiring a new world-class CEO to lead Uber.
Uber must evolve and mature as we improve our culture and practices, to achieve our mission of bringing mobility to everyone. We are dedicated to making Uber successful, and keeping everyone informed of our progress. Thank you for all your hard work.
—By Johana Bhuiyan, Re/code.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.