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
Apple's stock will likely see a significant drop after the company's highly anticipated iPhone event Tuesday, Loup Ventures' Gene Munster told CNBC on Monday.
"We're probably expecting more like ... a 7 or 8 percent drop," Munster said on "Halftime Report. " Munster didn't specify a time frame for that fall, but last week he predicted a 10 percent pullback in Apple's stock over the next one to three months.
Munster said while investors will be excited about the launch of new products on Monday and Tuesday, they will quickly look toward the company's next few quarters.
"Fast forward to a few weeks from now — there's going to be some wringing of hands as people start to think about what the March and June quarters of next year look like," he said.
The closely followed venture capitalist spoke as shares of Apple were higher Monday, one day before the company is expected to unveil three new iPhones and an Apple Watch, among other products.
But an unreleased build of iOS 11 that was leaked to the press over the weekend spilled almost all of the secrets on Apple's big announcement.
Munster said one leak, in particular, caused him to believe the stock wouldn't fall as much as he originally predicted: "The idea of an LTE watch."
"The watch is 3 percent of Apple's business today and if they allowed it to be untethered to the phone ... it creates a bigger opportunity. We think it will essentially double the size of that business," Munster said.
Regarding Apple's anticipated high-end iPhone, Munster said: "I believe this phone will deliver on a much higher growth rate for the iPhone."