The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
These are the stocks posting the largest moves midday.Market Insiderread more
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.Marketsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Former Egyptian president Mohamed Mursi has died in court, state television reported on Monday.World Politicsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
If the ongoing tensions between Beijing and Washington force companies to develop two different sets of technologies — one for China and its aligned countries, and the other for the rest of the world — then it would be bad news for everyone, according to a senior executive at a multinational tech firm.
That is, the development of technology would become more expensive, Mahendra Negi, chief financial officer at Trend Micro, told CNBC's "Street Signs " on Tuesday. His company develops cybersecurity software that can protect corporate data from hackers.
"Secondly, the local regulations might drive development in different parts, so you will have this problem of compatibility," he said. For example, users may end up with multiple smartphones — one that works in China, and another that works outside the country.
Technology competition has become a major factor in the ongoing U.S.-China rivalry and trade dispute, with implications for global IT supply chains based in Asia and the United States, according to analysts. Many have warned that the current disagreement could hasten a "splinternet" — a future where the global digital network is fragmented, or at least bifurcated.
Recently, the U.S. put Chinese tech heavyweight Huawei, a leader in the next generation of high-speed mobile internet, on a black list that makes it harder for the company to do business with American firms.
U.S. Secretary of State Mike Pompeo told CNBC last week that Huawei works with the Chinese government — despite denials from the company — and Washington had been trying to convince allies to stop working with the telecommunications giant on national security grounds. For its part, Beijing denounced Pompeo's remarks. Huawei has repeatedly denied it is influenced by the Chinese government or intelligence services.
"We hope that a lot of this is posturing around some trade negotiations and it will not really go down in that direction where there are barriers, which make flow of data or flow of products very difficult," Negi said.
Even though Trend Micro does not ship physical products — so it is not immediately affected by tariffs — Negi pointed out that the company would eventually feel the effects of the tariff war between the world's two largest economies.
"In the end, our customers, if they're affected, then sooner or later, we'll be affected too," he said, adding that if the whole economy were to slow down, then investments would decline, which, in turn, would also have an impact on the company.