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
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread 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
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread 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
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread 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
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
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Minneapolis Fed President Neel Kashkari said Tuesday he keeps voting against interest rate hikes because of low inflation and troubling bond market signals.
"Why are we raising rates when inflation is low and falling?" Kashkari, a voting member of the policymaking Federal Open Market Committee, asked during an interview on CNBC's "Squawk Box. "
"More recently, we're seeing warning signs from the bond market," he added. "We've raised interest rates. The front end of the curve has gone up but the long end of the curve has stayed anchored. That flattening is also sending a concerning signal."
Kashkari said the GOP's tax bill could help the Fed make its inflation target. The House is expected to vote on a bill as early as Tuesday. But Kashkari added he would have preferred the bill be made "revenue neutral."
Kashkari was a dissenter last week in the Federal Reserve's decision to raise its benchmark interest rate a quarter point to a target range of 1.25 percent to 1.5 percent. It was the third rate hike this year and the fifth since 2006. The two other moves were in December 2015 and December 2016. The Fed projects three more rate increases for 2018.
But Kashkari warned in an interview Monday that continued rate increases by the Fed could drive the U.S. economy into a recession.
"It's possible we could end the expansion by our own actions," he said in the interview with The Wall Street Journal.
Other Fed members have thought differently than Kashkari and have become increasingly worried that without rate increases the labor market could overheat. Fed Chair Janet Yellen and others in past speeches have expressed some optimism that more aggressive fiscal policy could be a help the economy grow.
In his interview Tuesday, Kashkari told CNBC it's the not the Fed's responsibility to protect investors from the stock market corrections.
"I think we need to work very hard to protect against an '08-type scenario, but if markets correct, it's not the Fed's job to protect investors from losses," he said.