Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Tesla CEO Elon Musk picked $420 as the share price for possibly taking the company private in August because it is a reference to pot culture, the Securities and Exchange Commission (SEC) alleged on Thursday during a news conference.
The SEC has sued Musk for fraud, charging the Tesla chief with making "false and misleading tweets," and for failing to properly notify regulators of material company events.
Musk said the SEC's allegations are "unjustified" and that he acted in the best interests of investors.
"We allege that Musk had arrived at the price of $420 by assuming a 20 percent premium of what Tesla's then existing share price (was), and then rounding up to $420 because of the significance of that number in marijuana culture, and his belief that his girlfriend would be amused by it," Steven Peikin, co-director of enforcement at the SEC, said during the conference.
A spokeswoman for Tesla told CNBC on Friday that the company had no additional comments regarding Peikin's allegations.
In August, Musk tweeted that he was considering taking Tesla private. He added: "Funding secured."
The tweet sent Tesla's stock see-sawing for weeks. Musk later explained that he had been in discussions with the Saudi Arabia's sovereign wealth fund and felt confident the funding would come through at his proposed price of $420 per share.
Tesla and its board of directors defended Musk Thursday, releasing a statement saying: "Tesla and the board of directors are fully confident in Elon, his integrity, and his leadership of the company, which has resulted in the most successful US auto company in over a century."
"The timing of this could not be worse from an automotive market standpoint," Rebecca Lindland, executive analyst at Kelley Blue Book, told CNBC's "Squawk Box. " Tesla is facing "a lot of competition from BMW, from Audi from Jaguar — the level of competition in the luxury electric vehicle space is increasing," she added.
According to Lindland, it's unlikely that Musk would choose to step down from the top role. She added that she also does not see Tesla's board asking for his removal.
Shares fell sharply in after-hours trading Thursday.
A large part of Tesla's $52.4 billion market cap, has to do with Musk's presence at the company, D. R. Barton, chief technical analyst at Moneymorning.com, told CNBC's "Street Signs " on Friday.
"A lot of that market cap is based on the fact that Musk is such a force of personality," he said. "I have millennial friends in Silicon Valley that would love to work for Elon Musk. So, without him, it's just a really well-engineered car with a company with too much debt and burning too much cash."
— CNBC's Sara Salinas contributed to this report.