Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
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
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
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
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
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Potential Federal Reserve nominee Judy Shelton thinks the central bank ought to pay more attention to financial markets when setting interest rates.
Already an economic advisor to President Donald Trump, Shelton has been mentioned frequently as a possible candidate for a Fed governor position. If she did get the nomination and was confirmed, Shelton said she'd bring a different perspective when it comes to how rates are set.
"What bothers me most about the way the Federal Reserve currently operates is more the mechanism," she said in an interview with The Wall Street Journal. "We can talk about whether rates should go up or down. I would like to see more market-determined rates."
The Fed has been criticized for using models like the Phillips curve to determine where rates should be. Trump has said rates are too high and has blamed the Fed for holding back economic growth. Markets also are pricing in a high likelihood of a rate cut before the end of the year, though central bank officials have been nearly unanimous in saying they're comfortable with current policy.
Shelton told the Journal that Trump's economic policies have boosted growth without causing inflation and that she's no longer uncomfortable with low rates and their potential for helping wealthy investors at the expense of retirees and Americans living on fixed incomes.
"Things have changed," she said.
A White House official said there aren't any nominations planned yet. Trump recently saw the withdrawal of two people he wanted to nominate, Stephen Moore and Herman Cain, following controversies.
Read the full Journal report here.