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 would not help China spy on the U.S. with its devices, even if mandated by Chinese law to do so, founder and President Ren Zhengfei told CBS News in an interview that aired Wednesday.
Ren, whose daughter has been held by Canada since Dec. 1 on an extradition request by the United States, denied allegations by the U.S. government that the company aids Chinese intelligence by building a backdoor in its devices.
"Absolutely not possible," Zhengfei said. "And also, we never participate in espionage and we do not allow any of our employees to do any act like that. And we absolutely never install backdoors. Even if we were required by Chinese law, we would firmly reject that."
U.S. officials still fear that Chinese telecommunications firms could be used by the country to spy on Americans in part with the help of a 2017 law that gives Chinese officials new legal justification for monitoring people for national security purposes.
Last February, several U.S. security agency representatives testified on potential security risks of Chinese telecommunications companies like Huawei. FBI Director Chris Wray told the Senate Intelligence Committee at the time that devices from these companies could allow for "undetected espionage" and the ability for malicious actors to steal information.
"We're deeply concerned about the risks of allowing any company or entity that is beholden to foreign governments that don't share our values to gain positions of power inside our telecommunications networks," Wray said.
In April, the Pentagon warned that Huawei mobile phones and modems could potentially be used to spy on Americans and stopped selling the devices at stores on military bases worldwide.
The U.S. government also has accused the company and Ren's daughter, CFO, Meng Wanzhou, of wire fraud in an attempt to violate sanctions on Iran. It also has accused the company of stealing trade secrets from T-Mobile. Ren told CBS his daughter's arrest was "politically motivated."
The Trump administration is also considering an executive order that would ban Huawei telecom equipment from being sold in the U.S., an administration told CNBC earlier this month.
See the full interview on CBS News.