Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.Politicsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
U.S. government debt yields slipped on Monday despite trade negotiations between the United States and China reaching their "final stages."
At 9:31 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at 2.748 percent, while the yield on the 30-year Treasury bond was also lower at 3.113 percent.
Sources told CNBC that U.S.-China trade negotiations are nearing completion as the two sides prepare for a possible summit at President Donald Trump's Florida golf club, Mar-a-Lago, at the end of March. Among possible U.S. concessions are a rollback in tariffs on at least $200 billion in Chinese goods. China, meanwhile, is anticipated to remove or cut industry-specific levies like those on autos.
The U.S. wants the ability to re-introduce duties on Chinese goods if talks fail on enforcement mechanisms on intellectual property theft, a provision opposed by Beijing.
The New York Times also said in another report that the trade deal being discussed would do little to address key structural issues, including efforts by China to curb cybertheft and subsidies the Trump administration argues make it harder for U.S. companies to compete with their Chinese rivals.
Federal Reserve Chairman Jerome Powell said last week it is "beyond consideration" for the U.S. not to repay all of its debt. The remarks come at a time when Congress battles with a higher level of spending. In a prepared statement, Powell also told lawmakers Tuesday that while the U.S. economy looks strong, there are some worrying signs on the horizon.
For Wells Fargo rates strategist Michael Schumacher, big economic releases like the Labor Department's monthly jobs report are becoming more important to the market as they become more important to central bankers.
"As far as jobs goes, when you think about the big economic numbers ... we think they're going to be more and more influential because it's obvious that the Fed is at a turning point," Schumacher said.
In October, Powell said the central bank was "a long way" from a neutral overnight lending rate, and in December commented that the process of reducing the balance sheet was on "autopilot." Those comments appeared to spook the markets throughout the final month of 2018 until the Fed chair and others soften their stance and suggested a more data-dependent path forward.
"Powell didn't really change his tone last week," Schumacher added. "The bigger issue is does the Fed change its statement on March 20: The updated dot will be pretty interesting."