Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread 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
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. Trade Representative Robert Lighthizer will meet with officials from the European Union and Japan at the ministerial meeting of the Organization for Economic Co-operation...World Economyread more
There is still a healthy demand for recreational vehicles — but rate hikes and fallout from tariffs could wind up putting pressure on the sector, Winnebago CEO Michael Happe told CNBC on Wednesday.
The company reported better-than-expected earnings before the bell on Wednesday, sending shares higher. After a bounce higher at the open, Winnebago gave back some of those gains and ultimately closed up 4.57 percent.
The stock is down 40 percent year to date.
In a conference call, the company's CFO said that aluminum and steel prices, which have risen thanks to tariffs, are squeezing margins. Winnebago has had to increase prices to offset some of the cost.
Happe said material prices are just one reason for the market pressure.
"We are an industry that's had tremendous growth over the last 8 or 9 years, and we've been transitioning to a more moderate growth level in the single digits, and we've also seen some elevated dealer inventory levels," he said on "Closing Bell. "
Winnebago will also keep a close watch on rising rates to see if there is any impact on demand or financing.
On top of that, "we will monitor fuel prices, the volatility of the stock market and consumer confidence," Happe said.
Those things combined, along with "some elevated pressures due to some of the material cost increases … could put some weight on this sector," he added.
However, he said right now there is still a healthy demand for the RV lifestyle.
"People are still flocking outside. They want to be active. They want to be healthy," he said.