The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
"The issue is that the president is using tariffs as a broader agenda," Solomon said in a CNBC interview at Recode's Code Conference in Scottsdale, Ariz. "There's no question if the president continues to use tariffs for a broader, political agenda, it can have an impact on market activity."
The Wall Street CEO agreed with the president that there are "very significant" fundamental disagreements between the U.S. and China. But Solomon said he would rather see a "more focused approach" on resolving larger trade issues.
"I agree with the president in pushing this, that we have to rebalance," Solomon said. "The question is, how will it happen, and over what period of time? I think we can make progress on narrow issues around trade."
Still, the Goldman chief executive said "uncertainty" and "dislocation" that comes with tariffs and a trade war is "bad for risk assets." But he also said it's weighing on the economy.
"I am not a big fan of the economic cost of tariffs and I think there is a real economic cost to the U.S. economy and to consumers," Solomon said.
The president warned Mexico on May 30 that he would put a 5% tariff on all Mexican goods if they did not take actions to help curb undocumented immigrants from coming across the border. On Friday, the president called off the Mexico tariffs and said the U.S. and Mexico had agreed on some concessions surrounding immigration.
Tariffs on China are still in place though. In May, the president increased tariff rates on $200 billion worth of Chinese goods and threatened to put levies on another $300 billion — which effectively includes the rest of China's imports in the United States. Trump told CNBC on Monday he would place additional tariffs on Chinese goods if Xi does not attend the G-20 meeting later this month.