U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
"The president is right to make this the center point of the rising and sustained trade conflict," says Sen. Chris Coons.Politicsread more
"We're gonna take this meeting by meeting. We're not on a preset course," Clarida told CNBC's Sara Eisen during an interview Friday on "Squawk on the Street."The Fedread more
More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
"I feel like I've contributed all I can to this primary election," he told MSNBC's "Morning Joe." "And it's clearly not my time. So I'm going to end my presidential campaign."2020 Electionsread more
The United Auto Workers union and General Motors are making progress on their labor contract talks, however there remain "many" outstanding issues, according to a union leader...Autosread more
Democratic presidential candidate Elizabeth Warren has been given more than one opportunity over the past two weeks to clarify her response to a key question about her...Politicsread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
James Bullard said he dissented on this week's Fed decision to lower rates by a quarter percentage point because he didn't think the cut was big enough.The Fedread more
Joshua Harris, Apollo Global Management's co-founder, has a message for private equity's naysayers in Washington.Delivering Alpharead more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Chinese authorities said on Monday that they have handed down maximum fines to the operators of three major social-media platforms in the country for failing to deal with pornography, violence and other banned content on their sites.
The affected platforms are Baidu's online forum Tieba, microblogging site Weibo and Tencent's massively popular social app WeChat. In August, authorities had said the respective operators were under investigation for cybersecurity violations.
The Cyberspace Administration of China, the watchdog that monitors online activities, issued a notice saying tech giants Baidu and Sina Weibo were handed maximum fines under the new cybersecurity law for "failing to fulfill their management duties" in dealing with pornographic and violent content, as well as information that "promotes ethnic hatred."
Separately, the watchdog's Guangdong office issued a similar notice that handed the same maximum fine to Tencent.
The regulators did not specify the maximum amount that the companies could be fined. But under the new cybersecurity guidelines that went into effect earlier this year, it could be up to 500,000 yuan ($76,000) — a relatively small amount for Baidu, Tencent and Weibo. For context, Tencent's total revenue for 2016 was $21.9 billion.
Tencent and Weibo did not immediately return CNBC's requests for comment.
A Baidu spokesperson referred CNBC to a statement the company made in August when regulators began their investigation. In the statement, the company apologized and said it would work with authorities to rectify the situation and improve the platform's information verification efforts.
Separately, Facebook-owned messaging service WhatsApp seemed to be functioning properly Tuesday morning after it earlier appeared to have been blocked again on the mainland. Users had said then that they were unable to access the service without a virtual private network (VPN) connection that usually helps to bypass censorship.
Facebook did not immediately return CNBC's request for comment.
In January, China's Ministry of Industry and Information Technology embarked on a 14-month campaign to "clean up" China's internet connections by March 31, 2018. The ministry had said that, while China's internet access service market is facing "a rare opportunity for development," there are also signs of "disorderly development" needing to be rectified.
New cybersecurity measures went into effect in June in a move touted by Beijing as a milestone in data privacy regulations, but critics said authorities hadn't provided enough information about how the wide-reaching law would be implemented.
In recent months, China has raised the pressure on the country's internet space in what some say is an attempt to exert control in the lead up to the Communist Party Congress next month.
Beijing doubled down on its crackdown of the domestic internet in July, after news had emerged that Apple pulled several VPN services from the local version of the App Store in a move that was met by a wave of online criticism.
Reports also said that authorities went after China's top live-streaming services in July.
— CNBC's Barry Huang contributed to this article.