Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The announcement of a U.S. trade deal with China is "possible" by next Friday, sources told CNBC on Wednesday.
A U.S. delegation met with Chinese negotiators in Beijing on Wednesday as the world's two largest economies try to hammer out details of an agreement. Chinese Vice Premier Liu He will travel to Washington for talks next week.
Washington and Beijing have pushed to resolve a trade dispute that led to a series of tariffs and raised fears about spiraling economic damage. While both sides have repeatedly touted progress in the talks, disputes such as whether to immediately remove existing tariffs or keep them in place as an enforcement measure to stop practices such as intellectual property theft have derailed a final deal. President Donald Trump also wants China to buy more U.S. goods to reduce the trade deficit between the countries.
On Wednesday, the White House said the latest talks moved Washington and Beijing closer to an agreement. In a statement, White House press secretary Sarah Huckabee Sanders said, "Discussions remain focused toward making substantial progress on important structural issues and rebalancing the US-China trade relationship."
White House chief of staff Mick Mulvaney said Tuesday that the U.S. should know "one way or the other in the next couple weeks" about how the trade talks will be resolved.
The White House did not immediately comment Wednesday on the possibility of a deal by next Friday.
Reports have suggested the Trump administration could yield on some provisions as part of the deal. In a final agreement, the U.S. could immediately remove a 10% duty on part of the $200 billion in Chinese goods on which it levied tariffs, Politico reported Wednesday.
Washington would keep a 25% tariff on $50 billion in goods until after the November 2020 election, according to the news outlet.
Investors have watched the ongoing talks closely. A prolonged trade dispute would damage U.S. businesses and the global economy.