Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Shares of Comcast dove as much as 7 percent Thursday after one of its executives said the company expects a large subscriber loss during the third quarter. Comcast closed the day down 6.24 percent.
It was the biggest dive since Aug. 8, 2011, before the stock price regained some of the loss. By mid-afternoon, it was down 4.86 percent.
Matthew Strauss, executive vice president for Comcast's Xfinity services, said during a Merrill Lynch media conference that the company expects to report a loss of 100,000 to 150,000 subscribers during the third quarter.
Strauss blamed competition and Hurricane Harvey for the losses and said it's the "most competitive quarter" in recent history. Comcast, CNBC's parent company, is still expected to hit its other numbers.
Telsey Advisory Group senior research analyst Thomas Eagan thinks investors don't have that much to worry about. "The market has overreacted here. It seems more emotional than anything else," Eagen said. "We don't quite know much about the decline that the company mentioned today, how much of it is because of the hurricane and how much of it is because of competition."
Comcast and other traditional cable companies have had to fight to keep customers as lower price streaming TV services become more popular.
Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.