Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
Wall Street titan Jeff Vinik told CNBC on Friday there's still plenty of money to be made in the stock market despite record high levels.
"Look at the economic conditions we have right now. We've got good economic growth, and we have low inflation," said Vinik, once head of the largest U.S. mutual fund, Fidelity Magellan.
"Yes, valuations are as high as they've been in a long time, but I maintain economic conditions are as good as they've been in a long time," Vinik said on CNBC's "Squawk Box. " "While there will be corrections along the way, I think valuations are going to stay high for a long period time, and I think there's money to be made in the stock market."
U.S. stock futures were modestly higher on Friday as the major averages looked to extend a string of weekly wins, which has Wall Street hitting record after record this year.
When asked about the GOP tax bill, Vinik, owner of pro hockey team Tampa Bay Lightning, said there's likely to be several changes.
"The easy work has been done. The hard work is ahead," he said. "When we look at things like that, in terms of sports facilities being built, there's usually a way to get these things done."
After months of work, House Republicans on Thursday released the details of their new tax plan. The bill would lower the corporate tax rate from 35 percent to 20 percent. It would also take away tax-exempt bonds for private stadiums being built.