After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
See which stocks are posting big moves after the bell.Market Insiderread more
There's a standoff emerging between the European Union and the new Italian government, one which will ultimately answer the question whether Italy is too big to fail, a strategist told CNBC Thursday.
The new populist cabinet in Rome is set to cut taxes and increase public spending. This decision will challenge European fiscal rules and is an alarming prospect for EU officials, given that Italy has the second highest pile of government debt in the region, about 132 percent of gross domestic product.
German leader Angela Merkel made it clear during an interview over the weekend that the euro zone will never be a debt-sharing union. Meanwhile, the chief of the German Bundesbank also warned this week that there are a lot of differences between the economies within the euro and that each government needs to focus on reforming their own.
Discussing the policies presented by the new Italian government, one strategist said a confrontation between Italy and the euro zone, and wider EU, looked likely.
"I think these battle lines have been drawn and everybody knows exactly what they are doing," Simon Derrick, chief currency strategist at BNY Mellon told CNBC's Street Signs Thursday.
"The key question is ultimately whether Italy is too big to fail," Derrick said. "It is too big to fail, and that's where this is really going come down to, probably at some point later this year when the discussion about the spending program will start," he suggested.
Italy is the third largest economy in the euro zone. Derrick's comments suggest that if the government in Italy moves ahead with further spending and increases the level of public debt, the euro zone might be forced to support the country given its size and importance to the stability of the entire 19-member region.
The recent political turmoil in Italy has affected other European markets. The yields on Greek, Spanish and Portuguese bonds followed the same rising trend, signaling that investors saw higher risks in getting their loans repaid by those specific governments too even if they were not the ones announcing further spending.
Billionaire George Soros warned in an opinion piece Tuesday that European leaders should stop criticizing Italy and instead offer help in order to avoid further support for populist leaders. "The EU must not punish the Italian people for the sins of its governments," Soros wrote in The Guardian newspaper.