Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The chief investment officer of Guggenheim said on CNBC on Monday that he had been approached by the White House about possibly joining the Federal Reserve.
Guggenheim's Scott Minerd said that discussions took place over the past couple of months before President Donald Trump announced his intention to nominate former advisor Judy Shelton and St. Louis Fed official Christopher Waller to fill vacant seats on the Federal Reserve Board of Governors.
Minerd said on "Halftime Report " that he had not been officially asked to join the Fed, but "there have been discussions."
The White House was not immediately available to respond to CNBC's request for comment.
Meanwhile, Minerd said he would not necessarily accept the job if it were offered. "It would be a great opportunity to serve the Federal Reserve," he explained. "Obviously, if that were ever to be presented to me I've got other things to weigh."
"I am one of the largest shareholders of Guggenheim Partners," he continued. "The importance of our continued growth is going to weigh in that decision." Guggenheim has $265 billion worth of assets under management.
The president said earlier this month that he would nominate Waller and Shelton, who was an economic advisor to Trump's 2016 campaign, to take the Fed open seats. Economics writer Stephen Moore and businessman Herman Cain were floated as potential nominees earlier this year, but they were met with widespread criticism and bowed out of consideration.
Minerd said the Fed has "kind of hit the panic button" and cautioned against aggressively cutting rates. "I would be very slow to embrace the sort of whole-hearted jump to sort of locking us in to a rate cut path. Perhaps one rate reduction would be appropriate as an insurance policy to make sure we keep the expansion going, but I think the rhetoric is stronger than that."