Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
President Donald Trump said the military shouldn't have to distribute the "massive amounts" of food and water that have been delivered to storm-battered Puerto Rico.
When a reporter asked Trump about disaster relief on the island, the president said that food and water had been brought to Puerto Rico, but it wasn't being distributed by local people.
"They have to distribute the food to the people of the island. So, what we've done is, we now actually have military distributing food, something that really they shouldn't have to be doing," he said in a wide-ranging, hastily scheduled press conference on Monday.
The remark follows comments Trump made last week, where he partly blamed the island for the devastation and said emergency responders can't stay in Puerto Rico "forever."
Puerto Rico has been reeling in the wake of Hurricane Maria, which left most of the U.S. territory without power or access to clean drinking water. Over the weekend, local authorities raised the death toll to 48 after reviewing medical records.
A local economist projected that the wreckage may have set back Puerto Rico's economy so much that it will now take more than a decade to recover.
Trump said Monday that aid operations in Puerto Rico are "very tough" because the island "was in very poor shape before the hurricanes ever hit." The island had more than $70 billion in debt before Maria landed.
The president has faced criticism for an apparent lack of empathy for Puerto Rico amid the disaster response.
During a trip to the island earlier this month, Trump said the hurricane destruction had thrown his administration's budget "a little out of whack. " Later that day, he tossed packages of paper towels to hurricane victims.
While Trump has said his administration has done a great job responding to the crisis on the island, a recent poll found that most voters disagreed. Fifty-five percent of American voters say the Trump administration has not done enough to help the U.S. territory after Hurricane Maria struck, according to a Quinnipiac poll released last week.
Correction: This story has been updated to reflect that Puerto Rico faced $70 billion in debt before Hurricane Maria hit. A previous version misstated that figure.