Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by...Livestockread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
CNBC's John Harwood sat down with Rep. John Delaney, D-Md., who is running for president in 2020. They talked about President Donald Trump's business skills and how Delaney would do things differently.
Harwood: What have you learned in the six years that you've been in the Congress that makes you think that, individually, as a person you're ready to be president, and professionally have the capacity to galvanize the kind of support you need to become president?
Delaney: I think I have the perfect background to have the privilege to be the president of the United States. Growing up in a blue-collar family, I've lived the American dream, which is so central to who we are as a nation. I was an entrepreneur, started these businesses from scratch.
My dad didn't give me any money to start them. They didn't have any. I think it's incredibly important that we have a president who understands how the private economy really works and knows how to position the country to be successful.
Harwood: Do you think we have a president now who understands how the private economy works?
Delaney: No, I don't. I don't think President Trump is a business leader. I think he was a business promoter. I know what I did as a business leader. I created jobs, I paid all my bills, I innovated, I hired the best and the brightest. I made sure that every relationship I had was as good as possible and that people wanted to do business with me again.
I've served six years in the House of Representatives, so I know how the government works. We shouldn't be electing people to lead our country who have never done public service. That's an issue with this president. I don't think he had any idea what he was getting into.
Harwood: Do you think that, as a brand matter, Trump's presidency among Democrats has discredited the idea of a business guy?
Delaney: No, because I think the things that he has done that has so offended Democrats have nothing to do with the fact that he was in business. I don't think he's really bringing a business person's headset to the job.
Harwood: To state it more bluntly, you think the whole idea that Trump was a successful business executive is baloney?
Delaney: I think he was a very successful business promoter, and he was very good at licensing his name. That was his skill in business and I give him credit for that. I don't think that's a set of business skills that is really needed to be the chief executive of the country.
The kind of business skills that are needed to be the chief executive of the country is to have some vision about where things are going and to position our country to be as competitive and successful in that future as possible.