The EU opened a formal investigation into Amazon on Wednesday centered on how the e-commerce giant uses merchants' data.Technologyread more
Analysts and investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.Financeread more
IAC is set to invest $250 million in Turo, a peer-to-peer car-sharing firm that is often referred to as the "Airbnb for cars."Technologyread more
U.S. officials see the deal as a threat to NATO, for which Turkey provides the second-largest military.World Politicsread more
Google's services have been blocked in China for several years, but the company still has a business there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
Support for U.S. President Donald Trump increased slightly among Republicans after he lashed out on Twitter over the weekend in a racially charged attack on four minority...Politicsread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
Barney Frank, former chairman of the House Financial Services Committee, says that significant progress has been made to reduce the amount of imprudent household lending in...Invest in You: Ready. Set. Grow.read more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
United's Optum is launching a new partnership with John Muir Health aimed at helping the small northern California hospital operator become more competitive with its larger...Health and Scienceread more
The U.S. Commerce Department has banned five more Chinese entities from buying U.S. components after blacklisting telecom giant Huawei last month.
Higon, Chengdu Haiguang Integrated Circuit, Chengdu Haiguang Microelectronics Technology, Sugon and Wuxi Jiangnan Institute of Computing Technology are the five Chinese firms added to the department's entity list, according to a filing.
The department said the activities of these companies "pose a significant risk of being or becoming involved in activities contrary to the national security and foreign policy interests of the United States."
The move came before President Donald Trump's key meeting with Chinese leader Xi Jinping at the G-20 summit this month to discuss the lingering trade differences. The U.S. and China have slapped tariffs on billions of dollars worth of each other's goods, while ramping up tit-for-tat threats in the ongoing trade war.
The Commerce Department said Sugon and the Wuxi Jiangnan Institute of Computing Technology are the leaders in China's development of exascale high-performance computing.
Sugon has publicly acknowledged "a variety of military end uses and end users of its high-performance computers," the department said. Wuxi Jiangnan Institute of Computing Technology's mission is "to support China's military modernization," the department noted.
The U.S. restrictions on Huawei have forced many American chipmakers and tech companies including Google to cut ties with the Chinese giant. Huawei's U.S. chip suppliers, including Qualcomm and Intel, are reportedly quietly lobbying to ease the Huawei ban.