CNBC News

A looming face-to-face summit between President Donald Trump and North Korean ruler Kim Jong Un should be canceled, according to a political scientist who said the U.S. leader isn’t prepared for such high-stakes negotiations. The meeting is simply too risky because Trump apparently has a limited knowledge of North Korea’s […]

Special counsel Robert Mueller, who’s investigating Russian interference in U.S. politics, has looked into the work of a consulting firm that’s done business in the Middle East, the Wall Street Journal reported Monday. Mueller’s team “informally met” Joel Zamel, co-founder of the consulting firm Wikistrat, according to the report, which […]

Australia’s central bank left interest rates at record lows on Tuesday, the longest stretch without a change in almost three decades, and looked set to extend this period of “masterful inaction” for some time yet. As widely expected, the Reserve Bank of Australia (RBA) ended its April policy meeting with […]

Real estate sales in Manhattan plunged 25 percent in the first quarter compared with a year ago, as the new federal tax law, stock market swings and a glut of luxury condos spooked buyers. Sales in the first quarter posted their largest drop in nearly a decade, and reached their […]

General Motors will begin reporting U.S. sales at the end of each quarter instead of at the end of each month. March will be the last monthly sales report from GM. “Reporting sales quarterly better aligns with our business, and the quality of information will make it easier to see […]

Walmart is launching a global money transfer service called Walmart2World in a partnership with MoneyGram International. The move expands on its domestic money service, launched roughly four years ago to serve America’s unbanked population. Walmart2Walmart, the U.S.-based platform, allows customers to transfer funds between Walmart locations domestically, sending as much […]

They chanted his name from the cheap seats: “DiVincenzo, DiVincenzo.” By the time Donte DiVincenzo was done doing his damage, Villanova had another title and college basketball had its newest star. The redhead kid with the nickname Big Ragu scored 31 points Monday to lift `Nova to another blowout tournament […]

In a correction-level sell-off, Charles Schwab Chief Investment Strategist Liz Ann Sonders likes to share a trusty mantra with investors: panic is not a strategy. “Neither ‘get in’ nor ‘get out’ is an investment strategy,” Sonders told CNBC’s Melissa Lee on “Fast Money.” “That’s gambling on a moment in time […]

A full-blown trade war between the United States and China, a worry that sent the averages far into the red on Monday, has a “very low” chance of happening, strategist Scott Wren told CNBC. As a market-wide sell-off drove stocks down to correction-level lows, Wren said on CNBC’s “Fast Money” […]

The New York Stock Exchange on Monday set the reference price for shares of music streaming service Spotify Technology at $132. Spotify is pursuing an unusual direct listing to reach the public markets in place of an initial public offering, and shares are expected to start trading on Tuesday. The […]