The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
YouTube's focus on funding creators that have built loyal audiences on its platform will set it apart from its tech competitors Netflix, Apple and Facebook, according to YouTube's chief business officer, Robert Kyncl.
"I don't think we are trying to copy Netflix. We are who we are," Kyncl said Wednesday on CNBC's "Squawk Alley," where he was promoting his new book, "Streampunks: YouTube and the Rebels Remaking Media."
"We are really comfortable with our identity as the open platform, and our subscription service is about offering more choice, more content for the users and more high-value users for our creators," he said. "But we are anchoring off the people who have become huge on YouTube, the 'streampunks' we describe in the book, and they produce higher-level programming with us, with our money and promotion."
Tech companies, including Netflix, Apple and Facebook, are investing heavily in original video content. Although the glut of content has led some analysts to question whether users have enough time to watch everything, Kyncl believes each company has its own place in the streaming ecosystem — that users are willing to pay for multiple subscription services.
While companies such as Apple may license hit YouTube series such as "Carpool Karaoke," Kyncl pointed out that YouTube still hosts the original series that made the James Corden segment famous and has the global distribution rights.
Facebook may be doing more original series, but YouTube's emphasis on fostering its creators by giving them the majority of the advertising revenue and investing in higher-quality versions of their shows will keep it a strong presence, Kyncl said.