The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
The Italian government will not make any big changes to its 2019 budget plan, despite opposition from the European Commission, an Italian minister told CNBC.
Rome has until the end of the day to amend its 2019 spending plans, after the European Commission said last month that the budget draft disrespected previous commitments. The anti-establishment government promised to increase public spending, raising the public deficit to 2.4 percent of gross domestic product in 2019 — up from a previously agreed target of 0.8 percent.
"I don't expect the Italian government to make any substantial revisions," Lorenzo Fioramonti, a junior minister for the Five Star Movement and one of the architects of the party's economic policy, told CNBC's Willem Marx.
"I think there may be a dialogue around some potential second steps, but I think the bulk, the core of what's being proposed will stay the same," Fioramonti said, suggesting the ongoing exchanges between Brussels and Rome are more about what will happen next, rather than the actual content of the budget.
Italian news media suggested the government could alter its growth forecasts in order to bring them more in line with the commission's. However, it is difficult to see how that change alone could please Europe and prevent it from enforcing special monitoring and giving policy-making advice to Italy — a procedure that usually is applied to countries that have to bring their deficit and debt levels down.
Brussels and Rome hit an impasse over Italy's spending plans last month and have engaged in a battle of words since then. One the on hand, the European Commission wants to show that it applies its own rules — a common criticism against the EU's executive arm — and, on the other hand, the anti-establishment government in Rome wants to please its voters and challenge European rules.
"We are sending a message that Europe needs to re-think the way in which it conceived economic development over the past few decades," Fioramonti told CNBC.
"It is important that Europe comes to the realization," he said, "that having a founding member in such a level of distress requires a collective effort to change."
Italy was among the group of six countries that first established what's known now as the European Union.