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
Japan's central bank wants the country's inflation rate to hit 2 percent by fiscal year 2019, but it is less likely to happen if the continues to strengthen, said Credit Suisse's chief economist for Japan.
Hiro Shirakawa, speaking to CNBC at the bank's Asian Investment Conference in Hong Kong, said Japan's inflation rate is still "fairly sensitive" to currency exchange changes. So, he explained, an appreciating yen would lower the chances for the country's consumer price index to hit 2 percent in the "foreseeable future."
Currently, Japan is still far from its target with the core consumer inflation rate at 0.9 percent in January.
Inflation rates are affected by currency movements because if the yen strengthens, foreign goods would cost less in yen terms — resulting in a decline in prices.
The Japanese yen has appreciated since the start of 2018, and analysts have expected that it will continue to strengthen — partly due to weakness in the U.S. dollar. A robust Japanese economy has also played a part in propping up the currency, as the country marked eight straight quarters of growth in the final quarter of 2017.
Shirakawa said it would be tough for inflation to grow to 2 percent by 2019 or even 2020, although the Olympic Games — hosted by Tokyo in 2020 — could change that.
That event will see people flowing into Japan for a "boom of tourism," and that "may help inflation to pick up," the economist said.
But he said it is still a "big question" as to when the country can hit its target of 2 percent.
Even as Bank of Japan governor Haruhiko Kuroda told parliament earlier this month he thinks the 2 percent target can be attained, he also admitted that wages would have to grow at 3 percent for that to happen.
Shirakawa predicted that wage growth — which has been slow — would be faster this year. It would nevertheless be lower than 1 percent, he said.