The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Facebook and other groups are behind a new programming language for working with the Libra blockchain.Technologyread more
Tesla investors are regaining confidence in a quieter Elon Musk — even as they question the company's ability to hit its production goals for the second quarter.Autosread more
Long-time blockchain technologists say Facebook's Libra digital currency will introduce billions to cryptocurrencies, but the company's problems with trust and privacy remain...Technologyread more
Valisure, an online pharmacy company, told the FDA that high levels of dimethylformamide were found in valsartan, a drug produced by Swiss drugmaker Novartis and other...Health and Scienceread more
Huawei has been building an alternative to Google Android for the past seven years, according to the South China Morning Post.
Huawei told CNBC last month that its operating system may be ready as soon as this year if it can't use Google Android or Microsoft Windows.
Huawei currently installs Android on its smartphones and Microsoft Windows on its computers, although Chinese versions of its phones run Google's open source version of the operating system, called AOSP, without Google Play Services, such as the Google Play App Store.
Huawei reportedly wanted to create a backup plan should it ever be banned from using Android. In May, the Commerce Department added Huawei and 68 other companies to an export blacklist, which means Huawei can't buy goods from the United States. Google said it would cut ties with Huawei but was granted a 90-day license to continue working with Huawei to make sure devices that already run its software have necessary security updates through Aug. 19.
The South China Morning Post didn't discuss much about the underlying technology of the new operating system but said it's capable of running Android apps and that Huawei engineers "studied Android and Apple's iOS closely to learn from them." The operating system is designed to run on computers and phones.
Google has since warned of the risks of Huawei developing its own version of open source Android, which wouldn't allow Google to issue software updates to Huawei phones at all. It argued earlier this month that this could be a bigger security risk than licensed versions of Android that Google can update to prevent security flaws, which would otherwise be up to Huawei to patch.
"As we have noted before, Huawei does have backup systems but only for use in extenuating circumstances," a Huawei spokesperson told the South China Morning Post. "Android and Windows will always remain our first choices."
CNBC reached out to Huawei for additional comment but a spokesperson was not immediately available.