China is still considering import curbs on soybeans from the United States in retaliation for moves by Washington to impose trade tariffs, U.S. Soybean Export Council Asia director Paul Burke said on Thursday, following a meeting with the Ministry of Agriculture on Monday. The ministry requested a meeting in Beijing […]
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Uber reaches settlement with family of victim killed in self-driving car accident
The family of the woman killed by an Uber Technologies self-driving vehicle in Arizona has reached a settlement with the ride services company, ending a potential legal battle over the firstfatality caused by an autonomous vehicle. The law firm of Bellah Perez in Glendale, Arizona, said the deal had been […]
SF Motors unveils an electric concept car that won’t let you drive drunk
A Chinese automaker known for its mini-buses, vans and utility trucks is making a big push into the U.S. market. On Wednesday, Sokon Industry Group’s SF Motors subsidiary revealed its first electric concept car — the SF5. CNBC caught up with SF Motors CEO John Zhang ahead of the unveiling […]
SoftBank reportedly eyes 25 percent stake in Swiss Re worth $9.6 billion
Japan’s SoftBank Group is looking to buy a 25 percent stake in Swiss Re AG worth about $9.6 billion as the firms’ talks over a potential deal advance, Bloomberg reported. The talks are centering on 100 to 105 Swiss francs a share, Bloomberg said, citing people with knowledge of the […]
Tech giants like Google and Facebook are ‘ripe for the plucking,’ says investor Jim Mellon
British investor Jim Mellon is taking aim at tech giants like Google and Facebook. Speaking with CNBC’s “Squawk Box,” Mellon said the days of rapid growth for the companies are behind them as increased government regulation looks more likely. “These fatted calves are now ripe for the plucking by governments […]
Boeing says it detected a ‘limited intrusion’ of malware into some of its systems
U.S. planemaker Boeing “detected a limited intrusion of malware” that affected “a small number of systems,” and said certain media reports on the disruptions were “overstated and inaccurate,” a company vice president said on Wednesday. Linda Mills, VP of Boeing commercial airplanes communications, said by email that “remediations were applied” […]
‘They intend to dictate public policy’: Puerto Rico’s governor spars with federal oversight board
The battle between the governor of Puerto Rico and the federally appointed oversight board over the beleaguered island’s fiscal plan hit a new level on Wednesday evening, as Governor Ricardo Rossello gave an impassioned televised address to publicly deny many of the board’s requirements. “As part of the evaluation process […]
Cramer Remix: The stock to get into if you can’t take the pain in tech
CNBC’s Jim Cramer noticed some countervailing forces in Wednesday’s tape as stocks tapered their technology-led declines. As stocks fell on news that President Donald Trump may go after e-commerce giant Amazon for its tax treatment, Cramer turned to some historically safe sectors to see if they were withstanding the pain. […]
Why Democrats are learning to like Walmart
Walmart has recently begun to take a stance in certain social issues such as religious freedom laws, raising the minimum wage, and raising the minimum age for gun purchases which has shifted Democrat’s perception of the retailer from negative to positive. The retailer giant “spent more than $2 million influencing […]
UnitedHealth Group CEO: In 10 years, tech will push health care to become more value-based
Even UnitedHealth Group’s CEO, David Wichmann, acknowledges that the health-care juggernaut might not always have faster growth than that of the United States’ gross domestic product. “If you look forward to the future, call it seven, eight, nine, 10 years out, I think you’re going to see the real strong […]