Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
Markets in Australia and Japan looked set to open slightly lower as investors worried over trade tensions between the U.S. and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Federal Communications Commission Chairman Ajit Pai said he believes 5G could be adopted sooner than the market thinks but that regulations are standing in the way.
Pai told CNBC's "Squawk on the Street " that while there is a lot of investment and innovation within the U.S. tech sector, regulatory processes are slowing down the deployment of 5G infrastructure. He said that in some cases, a one- or two-hour hardware installation could take up to two years to get regulatory approval.
Although the U.S. and China have been going back and forth slapping tariffs on exports, Pai said he doesn't think tariffs on network equipment are the biggest barrier to 5G.
"By far the biggest barrier is the domestic regulatory barriers that we face," Pai said Friday.
He explained that the U.S. wants to be the leader in 5G, as it was in 4G. 5G networks could theoretically be 10 times faster than 4G and further drive innovation in technology.
"We of course don't want to cede the mantle of wireless leadership to any other country," Pai said. "Our concern is that, of course, if China is the first mover in 5G that they will be able to draw some of that capital, some of that talent and ultimately some of that innovation to their shores."