There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
The president also said he "offered to personally vouch" for Rocky's bail. Sweden, however, does not have a bail system.Politicsread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday.
The Chinese technology company is looking at options that include pulling the latest model of its marquee overseas smartphone, the Honor 20, according to the article, which cited people familiar with the matter.
The device will begin selling in parts of Europe, including Britain and France, on June 21, the report said. Executives will be monitoring the launch and may cut off shipments if the sales are poor, it said.
Marketing and sales managers at the tech giant are internally expecting a drop in volumes of anywhere between 40 million to 60 million smartphones this year, the report said.
In order to offset overseas decline, Huawei is aiming to grab up to half of China's smartphone market in 2019, Bloomberg said. The company did not respond to a Reuters request seeking comment.
The U.S. government put Huawei, the world's largest telecommunications equipment company, on a trade blacklist in May that bars U.S. suppliers from doing business with it because of what Washington says are national security concerns.
At the time, Huawei founder and chief executive Ren Zhengfei said the restrictions "may slow, but only slightly" the company's growth.
A similar U.S. ban on China's ZTE Corp, almost crippled business for Huawei's smaller rival early last year before the curb was lifted.
The company's woes are feeding into trade tensions between Washington and Beijing. President Donald Trump has said U.S. complaints against Huawei could be resolved within the framework of any trade deal.
The ban has been eased slightly to allow a temporary general license that lets Huawei purchase U.S. goods.
However, Broadcom sent a shockwave through the global chipmaking industry last week when it forecast that the U.S.-China trade tensions and the Huawei ban would knock $2 billion off this year's sales.