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
By exempting Mexico and Canada from new tariffs, President Donald Trump is hoping to incentivize those nations to strike a fair deal on the North American Free Trade Agreement, Commerce Secretary Wilbur Ross told CNBC on Thursday.
"There's no question that the action the president took today is a further motivation to both Canada and Mexico to make a fair arrangement with the United States," he said in an interview with "Closing Bell. "
"This is not being done, though, just as a negotiating ploy," he added.
Trump has repeatedly threatened to pull out of NAFTA if the nations can't find a way to overhaul the pact.
On Thursday afternoon, the president signed off on tariffs that slap a 25 percent levy on steel imports and a 10 percent charge on aluminum. Canada and Mexico are exempt from the tariffs, which will take effect in 15 days. The U.S. will also give other nations the opportunity to justify why they shouldn't be included.
"We are deadly serious about solving the problem in steel, aluminum and, as the weeks and months go by, other industries," Ross said.
He also reiterated his contention that the tariffs will not have harmful economic consequences.
Last week, Ross told CNBC the tariffs are "no big deal" and held up a can of soup to make his point that they will have a "trivial" impact on prices.
On Thursday, he said he used that soup prop to illustrate that the impact is "a fraction of a penny per can."
"Please spare me the idea that this is going to be massively destructive to our economy," he said. "All this talk about destruction in the other industries is simply not going to happen."
Critics have argued for more targeted tariffs, pointing out that China is the main offender.
However, Ross told CNBC the tariffs had to be broad since China is moving steel into the U.S. through other countries.
"China has been very clever at trans-shipping product through other countries and dislodging domestic demand in other countries, which causes their producers to dump on us," he said.
After Trump's initial comments on tariffs last week, Chinese officials urged the U.S. to support global trade.
And with Canada and Mexico being exempt from the tariffs, that doesn't necessarily mean China can find a way to move steel through them. Ross said the U.S. can work something out through NAFTA or a separate agreement.