The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Tesla CEO Elon Musk said he respected the U.S. judicial process, but chuckled when asked if he felt the same about the Securities and Exchange Commission as he entered a courthouse Thursday for a showdown with the federal agency.
Musk was in New York for a hearing on contempt charges requested by the SEC after it said he violated the terms of its October settlement over securities fraud. Musk tweeted about the company's production forecasts on Feb 19, despite agreeing to stop using Twitter to make statements about Tesla's operations or financial position without company review and approval.
"I have great respect for the justice system and I think the judges in the American system are outstanding," Musk told reporters before entering the courthouse in lower Manhattan.
When CNBC's Phil LeBeau asked Musk if he felt the same about the SEC, the CEO laughed and walked away.
Securities lawyers and other industry executives have said that Musk, who has already been removed as chairman, could also lose his post as CEO over his latest skirmish with the SEC.
"The court and SEC are in a bit of a bind here because capital punishment, if you will, would be ... throwing him out of company or banning him from running any public company from now on for violating this agreement with the SEC," Paul Ingrassia, Revs Institute for Automotive Research editor, said on CNBC's "The Exchange " on Thursday. "He is viewed as being the essence of Tesla. It's his brainchild. He's not only the public figure but also the creative genius behind it."
Tesla's shares plunged by more than 10% Thursday before recovering slightly to close down 8.2% after the company released its production and delivery data for the first quarter that missed Wall Street estimates and disappointed investors.
"At some point I think people have to start wondering would this company be better off with a calmer managerial presence in charge as opposed to a genius leader but a mercurial leader," Ingrassia said. "Is the company now at that stage of its development? But Musk has so much of the shares himself that that's probably not going to happen without an SEC or court order, which I doubt they'll be willing to do."
— CNBC's Michelle Fox contributed to this article.