President Trump was taken aback when Treasury chief Steven Mnuchin said the U.S. asked China's trade delegation to reschedule a farm tour.Politicsread more
As China marks the 70th anniversary of its founding on Oct. 1, CNBC takes a look at the rise of the Asian giant through the years — and projections of where it's headed.China Economyread more
The tax cut came as Indian Prime Minister Narendra Modi's government attempts to spur the country's slowing economy.Asia Economyread more
Lawmakers in Congress on Monday pressed for full disclosure of a whistleblower's complaint about President Donald Trump as Democratic calls for impeachment intensified over...Politicsread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
The brewer also issued an additional 189,354,000 shares. Budweiser APAC's IPO is now expected to raise about US$5 billion.China Marketsread more
Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Shareholders are accusing Tesla of improperly valuing the SolarCity deal, providing flawed analysis and misleading investors.Technologyread more
The FAA says each country's regulator will decide when the Boeing 737 Max can return to the skies as the grounding of Boeing's best seller, edges toward its eighth month.Airlinesread more
U.S. Treasury Secretary Steven Mnuchin said Monday that the two country's negotiators had made some progress in easing their trade tensions in last week's deputy-level...World Politicsread more
Stocks were barely changed. American Express gained, but Netflix was a notable laggard.Marketsread more
Long before they started battling it out in court, Google and Uber had a familial relationship.
"It was like big brother and little brother," former Uber CEO Travis Kalanick said as part of his testimony during the trade secrets trial between Uber and Waymo that is happening this week in San Francisco. Waymo is the self-driving car division of Google parent company Alphabet, and was spun out from Google in 2016.
When Google's venture capital arm invested $258 million into Uber in 2013, Kalanick didn't see the two companies as being competitive, since Google was working on autonomous vehicles and Uber was working on ride-sharing.
Google CEO Larry Page even took Kalanick for a ride in a self-driving car after the investment, and the two companies discussed possible partnerships, according to Kalanick.
However, things started to fall apart in 2015 when rumors swirled that Google was getting into ride sharing. Kalanick emailed David Drummond, the Google exec who was on Uber's board of directors, to ask what was going on.
As Uber lost confidence in an Google partnership coming to fruition, the company hired a bunch of autonomous vehicle engineers from Carnegie Mellon. That move, Kalanick says, upset Page. "He was sort of angsty," Kalanick testified.
Ultimately, Uber acquired the self-driving truck company Otto in 2016, which was founded by a former Google engineer Anthony Levandowski, around whom this week's trial hangs.
Kalanick also testified that after Uber acquired Otto, but before Waymo filed its lawsuit, he called Page to assure him that Uber was not working on flying cars (Page had invested in two flying vehicle companies). Kalanick said that he also tried to "broach the subject of a partnership" but that Page was again upset with Uber for hiring Waymo engineers. Kalanick added that the two did not discuss Levandowski or trade secrets during that October 2016 call.
Ultimately, Waymo is trying to prove that Uber improperly acquired, used, and benefited from eight "trade secrets" taken by Levandowski.
Over the course of the proceedings so far, Waymo's legal team has tried to paint Uber and Kalanick as desperate to catch up to its self-driving car efforts "at all costs," while Uber's team has been trying to position Waymo's lawsuit against it as an act of vindictiveness.
Here are some tweets of the courtroom drama from CNBC reporters on the scene: