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 tells business executives and free traders that trade war could end by 2020 election. He also noted there continues to be hurdles for...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
Urban Outfitters reported earnings and same-store sales for the second quarter that beat analyst expectations, while revenue fell short.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread 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
President Donald Trump renewed calls Tuesday to readmit Russia to the G-7 ahead of the group's summit in Biarritz, France, this weekend.Politicsread more
Biden has shown staying power at the top of a jammed Democratic field even as polling numbers for Sanders, Warren and Harris wax and wane.2020 Electionsread more
Japan's Toyota Motor will invest $1 billion into Southeast Asian ride-sharing app Grab, the Singapore-based company said Wednesday.
The investment will see the two companies expand on their existing partnership and explore new mobility strategies across the region, Grab said. Additionally, an executive of the Japanese manufacturer will be appointed to Grab's board of directors while a Toyota team member will become an executive officer in the ride-sharing company.
The investment, which Grab said is the largest ever by an automotive manufacturer in the ride-hailing sector, aims to allow the Southeast Asian company to expand its range of online-to-offline services such as food delivery and electronic payments in the region.
"As a global leader in the automotive industry, Toyota's investment in Grab is based on their conviction in our leadership in driving the adoption of new mobility solutions and expanding [online-to-offline] mobile services, such as GrabFood and GrabPay, in the region," Ming Maa, president of Grab, said in a statement.
According to Grab, the investment will allow Toyota to further integrate its services such as user-based insurance and predictive maintenance with the Singapore-based company. That could act as an incentive for drivers to drive more safely to enjoy lower insurance premiums.
"Going forward, together with Grab, we will develop services that are more attractive, safe and secure for our customers in Southeast Asia," Shigeki Tomoyama, Toyota executive vice president, said in a statement included in the announcement.