In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
Apple's iOS 13.1 will be released on Sept. 24, six days earlier than previously announced.Technologyread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
The move could bring a welcome salve to farmers caught in the crosshairs of the trade war if it results in a reopening of the market.Politicsread more
The pilot program will deliver food and beverage, over-the-counter medications and other items within minutes, the company said. Prescription deliveries will not be available.Health and Scienceread more
Trump's tweet also pointed to Vietnam as an example that North Korea could follow.
"Vietnam is thriving like few places on earth. North Korea would be the same, and very quickly, if it would denuclearize. The potential is AWESOME, a great opportunity, like almost none other in history, for my friend Kim Jong Un. We will know fairly soon - Very Interesting!" the president said.
Trump, at a meeting with Vietnamese President Nguyen Phu Trong, repeated that Vietnam is an example for North Korea.
The American president said he and Kim "felt very good about having this very important summit in Vietnam" because the Southeast Asian country is "an example as to what can happen with good thinking."
If North Korea follows in Vietnam's footsteps, the rogue nation's gradual opening up could bring in investment opportunities worth up to $9 billion per year, Morgan Stanley estimated.
"North Korea's 18 million working age population would join Asia's production supply chain at an hourly wage cost lower than Vietnam's," the bank said in a research note. "A liberalised North Korea would provide the missing link in improving the trade connectivity of the Korean peninsula to Europe if inter-Korea rail connects to Russia and China."
Vietnam's economy has thrived at a time when global activity slowed down. The Southeast Asian frontier market reported growth of 7.1 percent last year — its strongest pace in a decade and also among the fastest in the world. The country was also frequently cited for its potential to be a beneficiary of the U.S.-China trade war.
But Vietnam has relied mostly on labor-intensive manufacturing to power its growth over the last three decades, helped by a young workforce and low wages. Productivity growth and technological adoption have not kept up, and some economists have raised concerns about the country's economic future once those advantages fade.
Trump and Kim are scheduled to meet in the Vietnamese capital city of Hanoi this week, less than a year after the two leaders met in Singapore. Last June's summit was the first in-person meeting between a sitting U.S. president and a North Korean head of state.
The two leaders are expected to discuss denuclearizing the Korean peninsular, although the two sides appear far apart on the idea of North Korea getting rid of its nuclear weapons. That has long been a U.S. precondition for economic sanctions to be lifted, but analysts say Kim is unlikely to relinquish North Korea's hard-won status as a nuclear power.
— Reuters contributed to this report.