Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
President Donald Trump has backed some gun regulation changes to stop school shootings and thinks Congress is "finally" in a mood to take action.
Whether lawmakers can muster enough support to pass any bill on gun rules remains to be seen.
Trump started to call for modest gun-control measures following the shooting massacre of 17 people at a Florida high school last week. As the students from Marjory Stoneman Douglas High School pushed for tighter gun restrictions and families affected by school shootings tearfully urged the president to take some type of action, Trump publicly pushed for tweaks to gun rules.
"I will be strongly pushing Comprehensive Background Checks with an emphasis on Mental Health. Raise age to 21 and end sale of Bump Stocks! Congress is in a mood to finally do something on this issue - I hope!" the president tweeted on Thursday morning.
Trump, in his consideration of these measures, has tiptoed around the National Rifle Association, which supported him during the 2016 campaign. At an NRA convention in April, the president told the gun lobbying group: "You came through for me, and I am going to come through for you." He reiterated his support for the NRA repeatedly Thursday, calling its leaders "patriots."
At a school safety event with state officials later in the day, Trump said he told the NRA that the U.S. needs tighter gun rules. He said the organization supports the policies he backs.
"I spoke to them and they're ready to do things. They want to do things. … People like to blame them and they have power and all that, but they want to do things," Trump said.
"I told them, I said we're going to have to toughen them up," the president added. "Because it doesn't make anybody look good, and most importantly I saw the devastation in these families. We can't allow that to happen."
In the meeting with officials Thursday, Trump also reaffirmed his call to give guns to specially trained teachers in an effort to deter or shorten shootings. He mentioned what he considered other possible factors in mass shootings: violence in video games and movies and the closing of mental institutions.
Lawmakers have already introduced certain proposals Trump supports. Some of those policies have a better chance of passing Congress than others.
Bipartisan senators have already put forward a narrow bill to improve the existing background check system. Trump voiced his support for it this week.
"I will tell you, background checks, I've called many senators last night, many congressmen. … They're into doing background checks that they wouldn't be thinking about maybe two weeks ago. We're going to do strong background checks," Trump said on Thursday.
The bill aims to make federal agencies better at following rules that require them to submit criminal convictions to the FBI, which could help stop high-risk individuals from getting guns. Last year, the Air Force said it had not submitted records that could have stopped the shooter who killed 26 people at a church in Sutherland Springs, Texas, from buying a gun.
The legislation crucially has support from Republican leadership: Senate Majority Whip John Cornyn, R-Texas, introduced it. Gun control advocate Sen. Chris Murphy, D-Conn., is among the other senators who has signed on.
The measure could hit a snag in the House. While the chamber passed legislation to improve the background check system last year, it did so in tandem with a measure that would allow people with concealed carry permits in one state to equip a weapon nationwide.
Senate Democrats will not support concealed carry reciprocity. Conservatives may insist the gun-carrying language is in any bill to strengthen background checks, according to Politico.
Under current federal law, individuals must be 21 years old to buy handguns from licensed dealers. However, they can buy shotguns or rifles at age 18.
The 19-year-old Florida shooter legally bought an AR-15 style semi-automatic rifle. Samuel Zeif, an 18-year-old student who survived the shooting, made an impassioned plea to Trump on Wednesday, fighting back tears as he asked why he could legally buy a "weapon of war" at his age.
Trump and others are pushing to change the age to buy rifles to 21.
"We're going to work on getting the age up to 21 instead of 18," the president said Thursday. He is "confident" the NRA and Congress will back the measure, as well.
"A kid too young to buy a handgun should be too young to buy an AR-15," Flake wrote on Twitter.
At a CNN town hall on Wednesday night, Sen. Marco Rubio, R-Fla., also expressed support for the measure. Despite the backing from some senators, that proposal could also run into resistance.
Members of Republican Senate leadership have yet to back the plan. In addition, many House Republicans could oppose it.
On Tuesday, Trump signed a memorandum recommending that Attorney General Jeff Sessions propose a rule banning bump stocks. The tool can effectively make a semi-automatic rifle automatic.
"We're getting rid of the bump stocks," Trump said on Thursday.
The gunman who opened fire on a concert in Las Vegas last year, killing 58 people in the deadliest mass shooting in modern U.S. history, used bump stocks. The massacre prompted calls to outlaw the devices, but a bill to bump stocks gained little traction in Congress after the rampage. It remains to be seen whether the measure can gather any fresh momentum with Trump's support.
Any rule crafted by the Justice Department could face challenges in court.
Trump argued Thursday morning that "attacks would end" if trained teachers had firearms at schools. Democrats and some Republicans would likely disagree with him.
On Thursday, Trump proposed giving "highly adept" teachers who "understand weaponry" concealed weapons in schools. He floated rewarding those individuals with a bonus.
Rubio broke with Trump on the proposal on Wednesday night.
"The notion that my kids are going to school with teachers that are armed with a weapon is not something that, quite frankly, I'm comfortable with," the Florida Republican said.