The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.Market Insiderread more
Saudi Prince Miteb bin Abdullah, detained earlier this month in a corruption crackdown, has been released after paying authorities more than $1 billion for his freedom, according to media reports.
Once seen as a contender to the throne, Prince Miteb was among hundreds of other political and business figures rounded up in a sudden anti-corruption purge at the start of November.
The 64-year old cousin of Crown Prince Mohammed bin Salman was said to have been released on Tuesday after reaching an "acceptable settlement agreement," Reuters reported, citing a government source who could not be verified by CNBC. News agency AFP also quoted a source close to the government revealing details of the release.
The amount of the settlement was undisclosed but according to the reports, Prince Miteb was understood to have paid an equivalent of more than $1 billion for his freedom.
At least three other people have reportedly reached settlements with the Saudi government.
Saudi officials have been looking to strike deals with some of those in detention, asking for them to hand over assets and cash in exchange for their freedom.
In some cases, the Saudi government had been seeking to appropriate as much as 70 percent of a suspect's wealth, the Financial Times reported in mid-November. The settlements have the potential to channel hundreds of billions of dollars - allegedly accrued through corruption – back into depleted state funds.
At the beginning of the month, Crown Prince Mohammed bin Salman ordered the arrest of powerful royals and businessmen. Kingdom officials described the extraordinary purge as a crackdown on corruption while others called the exercise a power grab meant to smooth the way for the 32-year-old's anticipated rise to the throne.