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
In the wake of the Boeing 737 Max 8 jet crash that killed 157 people in Ethiopia, President Donald Trump said Tuesday that airplanes are becoming "far too complex to fly."
"Pilots are no longer needed, but rather computer scientists from MIT," Trump wrote in a morning tweet. "I see it all the time in many products. Always seeking to go one unnecessary step further, when often old and simpler is far better."
The FAA said Monday it did not see a reason to ground Boeing 737 Max planes, though regulators around the world have stated to ground the planes.
The crash near Addis Ababa on Sunday marked the second time the Boeing plane has sustained a fatal crash in five months.
Boeing has said it is too early to tell the cause of the Sunday crash, though investigators are looking into whether the plane's automatic controls were responsible for the crash of the 737 Max in October that killed 189 people after the plane dove into the Java Sea in Indonesia. Both crashes occurred shortly after takeoff.
"I don't know about you, but I don't want Albert Einstein to be my pilot," Trump wrote in a second post on Twitter. "I want great flying professionals that are allowed to easily and quickly take control of a plane!"
Regulators in China, Mexico, Indonesia, Australia and the United Kingdom have all grounded the aircraft. On Tuesday, a regulator in Vietnam said it would not license Boeing 737 Max aircraft in the country, according to Xinhua, a Chinese news agency. Companies in Vietnam had placed orders with Boeing to purchase the aircraft last month during Trump's summit with North Korean leader Kim Jong Un in Hanoi.
Boeing shares have fallen steeply as questions have mounted about the company's popular new jetliner. The company's shares were down 6 percent in morning trade on Tuesday.
Boeing said Monday a software update was in the works and would be ready by April.
A spokesperson for the company told NBC News that CEO Dennis Muilenburg spoke with Trump shortly after he posted the tweets. Muilenburg "made it clear he is absolutely confident in the safety of the airplanes," the spokesperson said.