Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
The FBI has accused a second Apple employee of attempting to steal trade secrets from the company regarding its secretive self-driving car program, according to a recently unsealed affidavit. NBC's Bay Area affiliate first reported the news.
This is the second employee in six months to be accused by the FBI of stealing trade secrets from Apple's self-driving car unit. In July, federal agents accused former Apple engineer Xiaolang Zhang of allegedly stealing proprietary information about the project and trying to bring it to XMotors, based in China.
Jizhong Chen was hired by Apple in June 2018 as a hardware developer engineer on the autonomous vehicles project, according to the sworn affidavit by an FBI agent that was originally filed on Jan. 22. The agent alleges an employee reported Chen after seeing him "taking wide angled photographs of the Project in the Building, which the employee found 'suspicious.'" Apple then allegedly asked to look at all of Chen's personal devices, according to the affidavit, and found Chen had backed up his work computer onto a personal hard-drive, violating Apple's policies.
Apple's review found about 100 photos taken inside Apple's building that housed the project on his personal devices along with "over two thousand files containing confidential and proprietary Apple material, including manuals, schematics and diagrams," according to the affidavit.
Chen allegedly told Apple he backed up the work to his personal devices "as an 'insurance policy' to support his job applications after being placed on a PIP," referring to the Performance Improvement Plan the agent claims Apple placed Chen on in December 2018. Apple allegedly found confidential and proprietary information on Chen's devices collected prior to his placement on the improvement plan.
While Chen allegedly told Apple he was applying for internal jobs, the company later learned he had applied for two external jobs, one of which was at a China-based direct competitor to Apple's autonomous vehicles project, according to the affidavit.
Apple suspended Chen without pay after speaking with him on Jan. 11, the affidavit says.
In a statement, Apple said, "Apple takes confidentiality and the protection of our IP very seriously. We are working with authorities on this matter and are referring all questions to the FBI."
Chen's lawyer, an FBI spokesperson and a spokesperson from the Northern District of California U.S. Attorney's Office all declined to comment.
Apple's self-driving group has faced recent headwinds. Last week, CNBC reported that the company had dismissed over 200 employees from Project Titan, as the initiative is known.
-CNBC's Josh Lipton contributed to this report.