The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread 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
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
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
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
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread 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
Self-driving cars are coming very soon, and will replace the human-driven variety faster than most people think, according to Bob Lutz, the former vice chairman of product development for General Motors.
"It is absolutely inevitable — human-driven vehicles are on their way out," Lutz told CNBC's "Squawk on the Street " on Tuesday. "From a standpoint of moving human beings around the surface of the planet safely and efficiently, let's face it: It's the only way to go. Human beings just can't handle it anymore."
Lutz predicts that human-driven cars will go the way of horses — they may be kept by the wealthy on ranches and at country clubs as forms of entertainment, but will disappear from highways.
He told CNBC on Tuesday there would be a tipping point where federal regulators officially phase out human-driven cars based on their disproportionate contribution to accidents.
Lutz wrote a missive in "Automotive News" that society is "approaching the end of the automotive era " and that automotive retailers should "kiss the good times goodbye" as most future transportation will be "owned by the Ubers and Lyfts and God knows what other companies that will enter the transportation business in the future."
The piece elicited strong reactions from his contacts in the industry and the feedback was "not all good," Lutz told CNBC.
Still, Lutz said, is one of the automakers that "gets it," based on investments like Lyft and Maven. He expects GM will make other similar investments down the road. He also said he thinks smart car makers still have a shot at avoiding becoming the Nokia of transportation.
"Cars are entertainment, they're a social object, they're psychological object, they are objects that help attract the opposite sex, or whatever sex you're trying to attract," Lutz said. "That has nothing to do with efficiently transporting human beings."