Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
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
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread 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
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread 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
Mursi, a top figure in the now-banned Muslim Brotherhood, had been in jail since being toppled by the military in 2013 after barely a year in power following mass protests...World Politicsread more
President Donald Trump on Friday appeared to play down expectations about a meeting with Xi Jinping at the G-20 summit later this month, saying "it doesn't matter" if the Chinese president attends.
"If he shows up, good, if he doesn't — in the meantime, we're taking in billions of dollars a month [in tariffs] from China," Trump said in a 50-minute telephone interview on Fox News' "Fox & Friends."
Trump's remarks Friday morning seemed to clash with comments he made just a few days earlier on CNBC.
In that interview Monday, the president vowed to immediately slap tariffs on an additional $300 billion worth of Chinese imports if Xi didn't attend the G-20 summit, which is scheduled for June 28-29 in Osaka, Japan.
Neither the White House nor the Council of Economic Advisors immediately responded to CNBC's requests for comment on the president's latest remarks.
Tariffs are typically paid by the entities that import the shipments. Tariff defenders, including White House trade advisor and China hawk Peter Navarro, argue that the exporting companies are the ones punished.
"So our people are not paying — you know there's this big thing about tariffs, 'Oh, our people pay' -- it's a lot of nonsense. You know what happens, really? Companies move back," Trump told Fox.
In May, Trump increased tariffs on Chinese imports by $200 billion after trade negotiations between the two economic superpowers fell apart.
The possible bilateral meeting at the G-20 summit was seen by current and former Trump administration officials as a high-stakes stepping stone on the path toward regaining the ground lost with China and eventually securing a deal.
"There won't be a deal at the G-20," Clete Willems, a former top Trump trade advisor, said in an interview Tuesday with CNBC's Kayla Tausche. But a Trump-Xi meeting at the summit could "catalyze a productive period of negotiations where the deal closes."