Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
The chief security officer of Huawei USA told CNBC on Wednesday that the Chinese technology giant poses no greater threat to U.S. national security than other foreign telecommunications companies.
Andy Purdy, a former top cybersecurity official at the Department of Homeland Security, appeared on "Squawk Box" ahead of word that the White House was expected to unveil a new rule to ban federal agencies from buying equipment or services from Huawei.
In May, the Trump administration placed Huawei on the so-called U.S. Entity List, which restricts U.S. companies from selling parts to Huawei, which relies on components from several American firms.
Purdy said the U.S. government should implement risk mitigation programs for Huawei like it does for Finland-based Nokia and Sweden-based Ericsson. He contended that those two companies also have "deep ties to China."
Other nations, like Germany and the United Kingdom, are taking those steps so Huawei can do business there, he said.
President Donald Trump and lawmakers on Capitol Hill have expressed concerns that if Huawei were to get a foothold in U.S. markets for smartphones and next-generation 5G wireless networks, the communist Chinese government could use Huawei equipment for spying.
Such claims are baseless, said Purdy — stressing that while in China, Huawei is a privately owned company.
Purdy also responded to comments made Tuesday on CNBC by Tennessee Republican Sen. Marsha Blackburn, who said, without providing evidence, that "Huawei embeds that spyware into these networks; these chips are so small you cannot detect them until they begin to transmit to an outside receptor. At that point, they are into your network and they are spying on you."
"There were no allegations of significant cybersecurity wrongdoing against Huawei," said Purdy.
However, he did say that national security threats from bad actors are real. That's why Huawei tests "the products of all vendors to international standards, so that there's trust through verification," he added.