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
The White House is delaying auto tariffs while it puts together a report on the impact that imported vehicles have on national security, according to a Bloomberg report.
Trump administration officials met Tuesday to discuss the draft that stems from a Commerce Department investigation into the matter. The final report is likely to undergo changes before President Donald Trump orders the duties, Bloomberg reported, citing two sources close to the matter.
The president has threatened to slap 25 percent levies on imported autos, light trucks, vans, SUVs and parts. Automakers including big U.S. names like Ford and GM worry that the tariffs will increase costs by nearly $7,000 for imports and more than $2,000 even for domestically produced vehicles.
Shares of most automakers moved higher in Wednesday morning trade.
If the tariffs are implemented, they would come under the same provisions that allowed the administration to hit imported steel and aluminum with duties earlier in the year. The administration also has slapped tariffs on $200 billion worth of various Chinese imports.
Commerce Secretary Wilbur Ross must deliver the department's report to Trump by February. The president then will have 90 days to weigh whether the imports are a national security threat and should be subject to tariffs.
For the full Bloomberg report, go here.