In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Houston, we have liftoff. Fifty years ago, man landed on the moon and McDonald's and a handful of other stocks took off into the stratosphere. Two of them have more fuel in...Trading Nationread more
Amazon's PillPack was informed this week that it will soon be cut off from patient medication data, according to people familiar with the matter.Technologyread more
An Israeli cybersecurity company has reportedly developed spyware that can scrape data from the servers of Apple, Google, Facebook, Amazon and Microsoft products.Technologyread more
House Speaker Nancy Pelosi is rejecting the White House's most recent debt ceiling proposal, Bloomberg reports.Marketsread more
The country's Revolutionary Guards say they will soon releasePoliticsread more
The U.S. stock market should move higher from near-record current levels, says the co-founder of the world's largest money manager.Marketsread more
Stroopwafels have become much easier to find, thanks to United Airlines and now McDonald's Stroopwafel McFlurry.Food & Beverageread more
It has been nearly three weeks since President Donald Trump surprised the world with his "on-the-spot " acceptance to meet with North Korean leader Kim Jong Un by the end of May, and the White House is scrambling to nail down the details.
Aside from a proposed agenda to discuss the North's nuclear program, the White House has yet to produce a date, time, location or a list of Trump administration participants.
Adding to the disarray, Kim has been suspiciously silent, at least in public — and it has cast a shadow of doubt over the potential meeting. What's more, Kim traveled on a secret train trip to Beijing, which concluded Wednesday, but even that was shrouded in mystery.
Some experts view Kim's visit, the first known journey abroad since he assumed power in 2011, as preparation for upcoming summits with the U.S. and South Korea.
However, the North's history of breaking promises is all too familiar to the last American diplomat to successfully secure a deal with North Korea — only to see it fall apart a few years later.
"The South Korean National Security Advisor is saying that Kim Jong Un is prepared to meet with President Trump AND give up his nuclear weapons if the meeting goes well," former U.S. Ambassador Robert Gallucci, who is now chairman of the U.S.-Korea Institute and a Georgetown professor, wrote in an email to CNBC. "One would think that the North would have a comment."
Other experts suspect that Kim was taken aback by Trump's acceptance.
"The South Koreans have been pushing the North Koreans to interact with the Americans, so it may be the case that Kim made the gesture of an invitation to demonstrate his good faith to the South Koreans, not expecting that it would go anywhere," Joshua Pollack, senior research associate at the Middlebury Institute of International Studies at Monterey, California, told CNBC. "So I suspect that Kim also may have been surprised."
Lisa Collins, a fellow with the Korea Chair at the Center for Strategic and International Studies, said the North Korean dictator could be weighing his options.
"North Korea may have been surprised by Trump's immediate acceptance of the offer to hold a U.S.-DPRK summit and may be carefully planning a response," Collins told CNBC. "Or they could also be dragging out their answer to create even greater suspense and drive more attention to the issue. The intense focus on the summit outcome could then be used as bargaining leverage for negotiations."
The summit, currently slated to occur by the end of May, would mark the first time a sitting U.S. president meets vis-a-vis with a leader from the reclusive regime.
Speaking to reporters on Tuesday, White House press secretary Sarah Huckabee Sanders said the administration was working on the meeting but hinted that it may not transpire by May.
"The offer was extended and accepted and we are continuing to move forward in that process. We still don't have a set time or date on that front," Sanders said.
The invitation to meet, delivered in person by a South Korean envoy on March 8, is the most significant development in years of intermittent negotiations about North Korea's nuclear weapons program.
South Korea's National Security Office head Chung Eui-yon said Kim "expressed eagerness to meet President Trump as soon as possible."
The third-generation North Korean leader also promised to "refrain from any further nuclear or missile tests" while talks are underway, Chung said. "President Trump appreciated the briefing, and said he would meet him to achieve permanent denuclearization."
Meanwhile, the U.S. continues to wait for nations like South Korea or China to shed light on the North's next move.