Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Tesla CEO Elon Musk was mum Wednesday when an analyst asked about the search to replace him as chairman of the electric car company.
The Securities and Exchange Commission required Tesla to find a new chairman for the next three years as part of a deal settling civil fraud charges over Musk's Aug. 7 tweets about taking the company private and having "funding secured" at $420 a share.
While the agency is allowing him to stay on as CEO, it gave him 45 days to resign his role running the board as part of the settlement. The company and Musk also agreed to pay a combined $40 million in civil fines as part of the deal.
Morgan Stanley analyst Adam Jonas raised the issue on a conference call after the company released earnings Wednesday, asking Musk "what are the attributes and experiences of that person that you think would be a best fit or best value for Tesla?"
Musk politely declined to answer: "Actually, we are going to restrict questions to operational topics. Do you have another question?"
Shares of the company have been whipsawed over the last quarter with record trading volume and wild daily swings, depending on the news. The stock, which closed at $288.50 a share Wednesday, had tumbled by more 25 percent since Musk's now-infamous take-private tweets sent shares soaring to an intraday high of $387.46 a share on Aug. 7.
Its shares soared by more than 12 percent after the company released its third-quarter earnings after the markets closed Wednesday, showing a surprise profit and 70 percent surge in revenue.