Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Airlinesread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
Sam Jadallah, the former CEO of a smart lock company that shut down just over a year ago, has a new job: He'll be leading the home initiatives at Apple, sources familiar with the matter told CNBC.
Hiring Jadallah is the latest signal that Apple plans to get serious about its own efforts in the home. Recently, the company acquired a start-up called Pullstring, a start-up that specializes in voice-enabled toys. That purchase could help the smartphone maker become the center of a connected living room.
On Saturday, after CNBC broke the news of his hire, Jadallah updated his LinkedIn profile to reflect his new role with Apple.
Apple has a range of products geared to the home -- including HomeKit, its software service that connects with a broad array of third-party products; and HomePod, a smart speaker for the home with voice recognition, music and more.
Both Apple and Jadallah declined to comment to CNBC on the hire.
Jadallah previously ran a start-up called Otto, which made a $700 lock that was backed by the venture firm Greylock. He also spent more than a decade at Microsoft, and had a stint in venture capital at the firm Mohr Davidow.
Otto suspended its operations four months after launching its beautifully-designed Bluetooth- and Wi-Fi-enabled luxury lock. In interviews, Jadallah hinted at having found a buyer, which pulled out at the last minute.
About 70 percent of the early team behind Otto were actually poached from Apple's ranks, Jadallah has previously said. The lock was compared favorably by reviewers to the "Apple of smart locks." It's not clear whether Jadallah will bring these early employees with him, or will have a fresh mandate to hire. There are currently about half-a-dozen job openings in Apple's home division.
But Apple also competes against rivals like Alphabet and Amazon, both of which have had a head start on moving into the home. All three companies have a combination of hardware and software that controls everything from turning lights on and off using voice, to playing music. Apple's HomePod represents a small share of the market, compared to Amazon's Echo and Google Home.