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
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
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
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
Verizon is betting that customers will pay up for Samsung's new 5G smartphone, even though the price point is high and the technology's infrastructure is still being built up.
"I believe that there's going to be people taking it. We are seeing tens of thousands of customers taking it already," he said. "And today is the first day you can actually buy it."
The Samsung Galaxy S10 5G is the first device that supports Verizon's new 5G network out of the box. It follows the Motorola Z3, which also runs on 5G but only if you buy an additional $200 accessory that enables it.
Verizon is selling a $1,299 version of the Galaxy S10 5G, as well as a $1,399 model with twice the storage.
However, the nation's 5G network is still being built out. Verizon's 5G network is currently only available in Chicago and Minneapolis, but it is expected to be available in 20 U.S. cities by the end of the year.
Vestberg said that the 5G experience is "so very different" from 4G because it can get over 1.3 gigabit per second on the network — a much faster rate than 4G.
When asked what kind of market share gain he can hope to get from releasing 5G phones, Vestberg said, "Let's see how it plays out." However, he said the company has "high ambition."
"We have the best network, and we want to be first with the technology."
The company plans to ultimately offer four phones with 5G this year, and three-quarters of the phones it is launching next year will have 5G.
"The ecosystem is ramping up extremely fast," Vestberg said.
— CNBC's Todd Haselton contributed to this report.