Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Huawei legal chief Song Liuping told CNBC that the company is in the "early phase" of talks with Verizon over paying royalties.Technologyread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
U.S. President Donald Trump on Thursday asked India to withdraw retaliatory tariffs that New Delhi imposed this month, calling the duties "unacceptable."World Economyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
The recent stock market pullback resulted more from overvalued technology stocks than it did from worries over President Donald Trump's tariffs, White House economic advisor Larry Kudlow said Thursday.
"I think a lot of the big, big tech stocks, the FANG stocks, got pretty toppy, and they were due for a correction," Kudlow said at a small business forum in Washington, D.C. "That's just one man's opinion, that's not the official White House view or anything like that. You know, I think they led the market down. A correction was probably overdue."
The lost more than 9 percent from its most recent high before rebounding this week. Tech stocks indeed fell hard during the plunge, though the damage has been fairly widespread, hitting energy, industrials and discretionary shares particularly hard.
Despite the downturn, Kudlow, director of the National Economic Council, said the overall growth story remains intact.
Asked if the economy can continue rising at its present 3 percent path into 2019, he said, "Yes, yes, Kudlow forecast. Maybe higher."
On whether the Trump tariffs figured into the downturn, he responded, "I doubt it very much. The economy's so healthy right now, and profits are soaring."
Kudlow spoke at a Washington Post forum focused on small business and how it will be impacted by federal policy. The industry is "enjoying a very strong economic boom" that he said will continue.