Health-care companies claim they are not threatened by Amazon's potential foray into the space. A recent lawsuit suggests otherwise.Technologyread more
It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social Capital.Technologyread more
The road to the Fed's policy pivot to lower interest rates began in early May, with a tweet from President Trump on trade.Market Insiderread more
See which stocks are posting big moves after the bell on June 20.Market Insiderread more
Chairman Jerry Nadler, D-N.Y., said in a statement that lawyers for the Trump administration blocked Hicks from answering questions 155 times during the Wednesday hearing.Politicsread more
Jim Cramer says "you'll want to keep some powder dry so you can buy into weakness and get some real bargains."Mad Money with Jim Cramerread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
With strains showing up in the relationship between the U.S. President Donald Trump and his Trade Representative Robert Lighthizer, one expert has expressed concerns that Trump would settle for an "inadequate" and "weak" deal with China.
The comment by Niall Ferguson, senior fellow at the Hoover Institution at Stanford University, came after several public disputes between the president and Lighthizer on matters related to the U.S.-China trade war.
Last week, Trump and Lighthizer sparred in front of journalists — and Chinese representatives led by Vice Premier Liu He — over whether "memorandum of understanding" is the right phrase to term the agreement that the U.S. and China are negotiating.
The two sides were reportedly drawing up six MOUs which would form the building blocks of a final deal. But Trump objected to the use of the term, arguing that "they don't mean anything." Lighthizer gave in after some back-and-forth with his boss and opted to use "trade agreement" instead.
"I think the big question ... is whether or not President Trump is going to overrule Robert Lighthizer and take a deal that Lighthizer would regard as inadequate, as weak. I very much hope he doesn't do that because Robert Lighthizer has been doing an excellent job driving a very hard bargain and when Lighthizer says we're not there yet, I take that very seriously," Ferguson told CNBC's "Closing Bell" on Wednesday.
"We saw just the other day the president has the power to overrule [Lighthizer], even in the terminology of the deal ... Robert Lighthizer had to very quickly drop that phrase and get on with the Trumpian language like a 'trade deal,'" he added.
On Wednesday, Lighthizer told the House Committee on Ways and Means that "much still needs to be done both before an agreement is reached" — that's a contrast to Trump's earlier claim that a trade deal with China was already in "advanced stages."
Lighthizer, who's leading U.S. negotiations with China, is known for his hard-line views on trade. Before the recent public disputes with Trump, the trade representative appeared mostly supportive of the president's policies.
The U.S. and China, the two largest economies in the world, were locked in a tit-for-tat tariffs fight for much of last year over disagreements on issues such as Chinese industrial subsidies and alleged forced transfer of technology from American firms to their Chinese partners.
Trump over the weekend announced that he's delaying the implementation of additional tariffs on Chinese goods initially planned for early-March. The president said both sides made "substantial progress" in their trade negotiations.