The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
China's Huawei has responded again to actions from the Federal Communications Commission, releasing an ex parte memo further laying out its response to the commission's efforts to block its equipment on national security grounds.
"While Huawei does not agree with the view that Chinese companies pose a threat simply because they are Chinese, Huawei agrees that threats to network security do exist, and should be addressed comprehensively trough a holistic approach to supply chain security, not through a vendor-to-vendor approach," according to the brief.
The company cites comments by government officials that it says appear to indicate the U.S. may have economic motives for the ban, and cites the use of its equipment in other European and North American markets.
Huawei also said it has approached the FCC, but has not had a conversation with the commission about its proposal, which would involve using existing risk mitigation testing to put the equipment through an approval process.
"Huawei has been trying to schedule exparte meetings with all of the Commissioners to learn first-hand and directly address their concerns over the company. However, no Commissioner has yet agreed to meet personally with Huawei," the brief says.
The FCC did not immediately respond to comment on the new brief. In May, FCC Commissioner Geoffrey Starks in an interview with The Verge reiterated the FCC's position: "We have a distinct role to serve in protecting our communication networks under the defense of national security as well as the safety of life and property. I think it is extremely important for us to step in to the full extent of our authority."