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
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread 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
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread 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
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread 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
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
The House Judiciary Committee is opening an antitrust investigation into tech giants amid concerns that their unmatched market power is suppressing competition in digital markets.
The committee plans to asses the effectiveness of current antitrust laws in regulating tech companies. If lawmakers find current regulations to be inadequate, the investigation could lead the first remodel of U.S. antitrust laws in decades.
"There is growing evidence that a handful of gatekeepers have come to capture control over key arteries of online commerce, content, and communications," Committee Chairman Jerrold Nadler, D-NY, said in a statement Monday announcing the probe.
Representatives from both parties have expressed concerns over the rapid growth of big tech and the government's ability to regulate these companies. Massachusetts Senator and 2020 presidential hopeful Elizabeth Warren, among the top of the Democratic pack for the nomination, has proposed legislation to break up major tech companies like Amazon, Facebook, Apple and Google.
The announcement of a congressional investigation comes just after reports that the Justice Department and Federal Trade Commission are planning probes of the tech giants.
"Given the growing tide of concentration and consolidation across our economy, it is vital that we investigate the current state of competition in digital markets and the health of the antitrust laws," Nadler said.