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
Huawei's revenues will in 2018 surpass $100 billion for the first time, a top boss at the Chinese tech giant said Thursday.
Speaking to CNBC in Mandarin via a translator, Eric Xu, one of the rotating chairmen at Huawei said that business is growing "slightly better" than had been expected.
"There is no problem that we can hit the $100 billion mark," Xu said, in a translation that was verified by CNBC.
Xu did not elaborate on what had been driving growth.
Huawei generated 325.7 billion yuan in revenue for the first six months of 2018, or around $49 billion, according to the exchange rate at the end of that reporting period. For all of 2017, the Chinese firm reported revenues of $92.5 billion based on year-end exchange rates.
The growth so far has been driven by strong performance in a variety of businesses, especially the consumer division which has continued to rise. Huawei is now the world's second-largest smartphone maker by market share, ahead of Apple.