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
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread 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
Among the myriad threats to national security — North Korea, Russia and Iran among them — is one very big economic issue, National Intelligence Director Daniel Coats said Tuesday.
Speaking to the Senate Intelligence Committee, Coats said the nation's debt, up to $20.7 trillion and likely to escalate due to recently passed fiscal measures in Congress, must be taken seriously.
"The failure to address our long-term fiscal situation has increased the national debt to over $20 trillion and growing," he said during a broader hearing over dangers posed to the U.S. "This situation is unsustainable as I think we all know, and represents a dire threat to our economic and national security."
The debt has increased 123 percent over the past decade as the nation sought to break free of the financial crisis and the tepid growth that followed.
Total debt is now nearly 105 percent of gross domestic product, just shy of its highest level since World War II. The most recent Congressional Budget Office projections have the trajectory leading to a debt-to-GDP ratio of 150 percent by 2047, well past the point where financial crises typically occur.
In addition, the budget deficit is likely to swell, with the CBO projecting an increase from 2.9 percent of GDP in 2017 to 9.8 percent in 2047.
Congress in December passed a tax reform measure likely to cost $1.5 trillion and earlier in the week reached a budget plan that raises spending limits by about $300 billion over the next two years.