Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Wild market swings claimed plenty of victims last week, but Cornerstone Macro's Carter Worth says Home Depot is poised for a big breakout.Options Actionread more
The conglomerate's head of investor relations released a more detailed statement about accounting practices under fire from Harry Markopolos.Marketsread more
Goldman notes that high-dividend payers are trading at their largest valuation discount in nearly 40 years.Marketsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
Amid the headlines of stores closures and retail bankruptcies, it can be tough to accept that the U.S. consumer is doing just fine.Retailread more
Microsoft founder Bill Gates said on Tuesday that technology could "accentuate" the difference between the rich and the poor.
Speaking at the Misk Global Forum in Riyadh, he said that the benefits of technological advancements, may not be felt by all if developed in the wrong way.
"If we're not careful, technology will actually accentuate the difference between the well off and the poor because if it's expensive, if you learn about it only in a rich country school, then you'll have the difference between the well off and the poor people even worse," Gates said.
The billionaire also addressed concerns over artificial intelligence (AI), and said its benefits will outweigh any potential pitfalls.
"We are in a world of shortage, but these advances will help us take on all of the top problems," he said at a CNBC-moderated panel in the Saudi Arabian capital.
"We need to solve these infectious diseases ... We need to help health care workers do their job."
Gates believes that ultimately AI will alter the labor environment in developed countries but will help society take care of older people or address class sizes in schools.
"As we free labor up from things like manufacturing, we can shift it to some of these very human-centric needs," he said. Gates has previously said that robots should face an income tax.
A renowned figure in the field of information technology, Gates did admit that there were challenges ahead with new advancements, such as issues regarding privacy and political advertisements and campaigns. He added that parents would also have to have "some judgment" if their children were playing "too many video games" and weren't exercising.
Gate's comments come just days after high-profile physicist Stephen Hawking warned on the emergence of AI, saying it could be the "worst event in the history of our civilization" unless society finds a way to control its development.
—CNBC's Arjun Kharpal contributed to this article.