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 engineer named Morgan Beller.Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
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
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
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
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread 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
Faltering trade growth in certain parts of the world amid increasing trade barriers and decline in investments are extremely worrying, the OECD's chief economist Laurence Boone told CNBC Tuesday.
"I have been, and I continue to be, very very worried about what's happening on the trade side. Let me just give you two numbers; Two years ago, in 2017, trade growth was 5.5% and today it's closer to 2%, and in some regions like Europe it's even close to 0%," she told CNBC's Hadley Gamble in Paris.
Boone added that trade and exchange are essential for both competition, innovation and employment. "More than a third of the jobs in every single country are actually in firms that export," she noted.
"The other number I want to highlight is investment," she said. "Again in 2017 investment was growing at more than 3.5% a year and today it's growing at less than 1.7% a year and with investment goes jobs. So, we are slowly eroding growth and bringing it down to very low territory," she said.
"We can't afford that when we still have to raise the living standards of many people," she said.
There are 36 members in the Paris-based Organisation for Economic Co-operation and Development (OECD); its goal is to promote policies that foster prosperity, equality, opportunity and well-being for all, it says.
It has warned in May that an intensification of the dispute between the U.S. and China would likely knock as much as 0.7% off the level of global GDP by 2021-22. The OECD predicts that the global economy will grow by 3.2% in 2019 and 3.4% in 2020.
On Monday, Boone warned that uncertainty had been created by several ongoing global situations, including the U.S. China trade spat, U.S. tensions with and sanctions on oil producer Iran and Brexit in Europe. "All these risks are really undermining the growth of today and tomorrow."
Citing Brexit as an example she said that since the referendum on EU membership in 2016, investment growth in the U.K. had been a flat line.