Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.World Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Hurricane Harvey's record-shattering flooding and rainfall — not to mention 120-mph winds whipping debris across Texas and Louisiana — could wreck more than half a million vehicles. And the used-car market could feel the biggest impact from the sudden surge in demand for autos, said Steven Wolf, chairman of the Houston Automobile Dealers Association.
"It's supply and demand," Wolf said Wednesday on CNBC's "Power Lunch. " "And obviously there's going to be a tremendous demand for vehicles. I think that you're going to see some price pressure on used cars."
Wolf said that he doesn't foresee the same effect occurring with new cars, however.
"I think new cars are going to maintain because of the additional incentives that manufacturers are going to offer. The banks are buying extremely deep right now, the manufacturers, even pre-disaster, were offering incredible incentives, and I think those incentives are even going to get better," Wolf said.
An estimated 500,000 cars could be totaled from the storm, according to Cox Automotive. Such a disruption could magnify recent used-vehicle trends: The Manheim Used Vehicle Value Index shows that used-car prices have approached record highs in 2017, CNBC's Phil LeBeau reported Tuesday.
Wolf expressed confidence that auto insurers — which he distinguished from flood insurers, whose coverage is an open question for thousands of Harvey's victims — will "send more people down there to help with the claims."
"The insurance companies are going to step up and do the right thing and get these claims handled quickly," Wolf said.