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
The European Commission (EC) has angrily reacted to news that the United States will impose steel and aluminum tariffs on Canada, Mexico and the European Union (EU).
U.S. Commerce Secretary Wilbur Ross announced at a news briefing Thursday that tariffs of 25 percent on steel imports and 10 percent on aluminum imports will take effect from midnight.
In a tweet following the news, the EC said: "The EU believes these unilateral U.S. tariffs are unjustified and at odds with World Trade Organization rules. This is protectionism, pure and simple."
In a press release, EC President Jean-Claude Juncker said the EU was being hurt as much as the U.S. by overcapacity in the steel sector.
He added that the U.S. was "playing into the hands of those responsible for the problem" and that the EU now had no choice but to proceed with legal challenge via the World Trade Organization (WTO).
"We will defend the Union's interests, in full compliance with international trade law," said Juncker.
The United Kingdom added that it was "deeply disappointed" by the U.S. decision.
"The U.K. and other European Union countries are close allies of the U.S. and should be permanently and fully exempted from the American measures on steel and aluminum," a U.K. government spokesperson said.
Prior to the announcement, German Chancellor Angela Merkel told reporters the tariffs would be incompatible with WTO rules and that Europe's response must be "smart and determined."
French Finance Minister Bruno Le Maire also said Thursday that Europe would take "all necessary measures" to respond. The EU had previously said it would impose its own tariffs on U.S. products such as motorcycles and jeans.
German Finance Minister Olaf Scholz said in an interview with Reuters on Thursday that the EU's response to the tariffs must be "clear, strong, and smart."
When asked if there were any signs that the trade dispute could be resolved, Scholz added: "No, there are no such signs."
Metal producers in the countries affected had been granted a temporary exemption from the tariffs after they were introduced earlier this year; this exemption had been due to expire Friday.
The tariffs were originally announced on March 1 when President Donald Trump said that the United States was being treated unfairly.
"People have no idea how badly our country has been treated by other countries. By people representing us who didn't have a clue," Trump said, arguing that trade trends "destroyed" American steel and aluminum industries.