A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Ireland has become the main regulator enforcing rules on how big tech companies collect and process user data under Europe's privacy law called GDPR.Technologyread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
President Donald Trump's attack on Senate Majority Leader Mitch McConnell was the "single dumbest thing Donald Trump's done in office," Sara Fagen, a former senior aide to President George W. Bush told CNBC on Monday.
"Mitch, get back to work and put Repeal & Replace, Tax Reform & Cuts and a great Infrastructure Bill on my desk for signing," Trump wrote Thursday on Twitter.
Fagen, also a CNBC contributor, believes that was a tactical error.
"He needs the Senate majority leader to get his tax reform package through," the former political director for Bush said in an interview with "Power Lunch. "
In fact, she said McConnell is the "single most important person" in passing Trump's agenda.
After the taunts, Republican senators rallied around McConnell.
Sen. John Cornyn, R-Texas, the second-ranking Senate Republican, on Friday said, "No one is more qualified" to head the Senate in the "team effort" to pass Trump's agenda.
The White House did not immediately respond to a request for comment.
— CNBC's Jacob Pramuk contributed to this report.