China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
After years of speculation, Neuralink, the brain-machine interface start-up co-founded by Elon Musk, started talking directly to the public on Tuesday.Technologyread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
Aarti Borkar from IBM Security says artificial intelligence bias can exist at three levels: the program, the data and the people who design those AI systems.Cybersecurityread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
Mikaila Ulmer may be just 14 years old, but the Me & the Bees Lemonade founder knows a thing or two about business.Young Successread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
American consumers were feeling more a bit more optimistic in May following a slight decline in confidence in April.
The May reading matched Reuters' estimates at 128, an increase from 125.6 in April. Consumers' assessment of current conditions improved, showing better attitudes toward business conditions. This follows 127 reported in March and 130 in February's 130.0, the highest reading in 18 years.
"Consumers' assessment of current conditions increased to a 17-year high, suggesting that the level of economic growth in Q2 is likely to have improved from Q1," said Lynn Franco, Director of Economic Indicators at The Conference Board.
Consumers were slightly positive about the short-term outlook in May despite a small decline in the percentage of consumers anticipating improvements in business conditions over the next six months.
The outlook for the labor market was mixed, as the percentage of consumers expecting improved short-term income prospects declined.
The Commerce Department reported that U.S. retail sales in April increased at a 0.3 percent rate, the Associated Press reports. This is a sign that consumers may be back after weak spending earlier this year.
"Overall, confidence levels remain at historically strong levels and should continue to support solid consumer spending in the near-term," Franco said.
The index measures American's sentiment on current economic conditions and expectations for the next six months. Consumer spending accounts for about 70 percent of U.S. economic activity, drawing economists' attention to the numbers.
--AP contributed to this report.