The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Hans Vestberg, newly installed CEO of Verizon, told CNBC on Wednesday the top wireless carrier doesn't need to compete in premium content to succeed.
Vestberg was responding a question about the changing landscape in the telecommunications industry, with AT&T recently purchasing Time Warner and U.S. cable TV giant Comcast battling to add British satellite broadcaster Sky to its television holdings, which include NBC and CNBC. He did not offer an opinion on those moves.
"Our network is our asset," Vestberg said in a "Squawk Box" interview. "I think we have another way to deal with our assets, our distribution."
Verizon is making a big push into the next generation of wireless technology, 5G. "[It] can disrupt industries, change the way you're thinking about technologies, and I think that's what people really haven't understood yet," said Vestberg. The 5G standard is meant to allow more devices to be on one internet connection, with faster device communications and data transfers.
Verizon announced Tuesday that Indianapolis is scheduled to receive 5G residential broadband service in the second half of 2018, joining Houston, Los Angeles and Sacramento, California. "As [5G-capable] mobile devices become available in early 2019, Verizon plans to quickly move to be first in 5G mobile service," the company said in a statement.
Verizon also announced it will offer customers who sign up for its new 5G internet service a free Apple TV box and a subscription to Google's YouTube streaming television service. The service will debut in those four cities.
Competition in wireless is fierce. Verizon had been losing postpaid wireless subscribers, or customers who pay a monthly bill, to its No. 3 rival T-Mobile, which has won customers by pitching itself as more consumer-friendly and offering more perks. However, Verizon reported better-than-expected quarterly earnings last month as it attracted more subscribers with unlimited data plans.
Vestberg, promoted from chief technology officer, succeeded Lowell McAdam as CEO of the No. 1 U.S. wireless carrier earlier this month. McAdam, who had been CEO since August 2011, continues as chairman of the board. Before joining Verizon last year, Vestberg spent six years as CEO of Swedish telecom powerhouse Ericsson.
— CNBC's Michael Sheetz and Jillian D'Onfro contributed to this report.