Before you hand in your tax return to the IRS, be sure to go over your receipts: You could miss out on key tax deductions and credits that are about to go extinct. That’s because the Tax Cuts and Jobs Act went into effect at the beginning of this year […]
CNBC News
Top economists and business leaders weigh in on the risks of a US-China trade war
Some of the world’s top economists and business leaders were in Beijing on Saturday for the annual China Development Forum, and one topic overshadowed the entire gathering: The looming threat of a trade war between the U.S. and China. “There’s a lot of unease,” leading economist Larry Summers told CNBC […]
Apple’s Tim Cook calls for calm heads on China, US trade
Apple Chief Executive Tim Cook on Saturday called for “calm heads” and more open trade, amid rising fears of a trade war between the United States and China. Trade tension between China and the United States flared this week when President Donald Trump unveiled plans on Thursday to slap tariffs […]
Rio Tinto CEO predicts ‘common sense would prevail’ amid escalating trade tensions
Trade tensions have risen significantly between the United States and China this month, but the chief of a major mining company told CNBC he’s sure that common sense will prevail between the two countries. Open trade is a major driver for the mining industry wherein many products are moving from […]
Trump issues ban against most transgender troops serving in the military
President Donald Trump released an order Friday night banning most transgender troops from serving in military except under “limited circumstances,” following up on his calls last year to ban transgender individuals from serving. The White House said retaining troops with a history or diagnosis of “gender dysphoria” — those who […]
Fear grips US agriculture industry as China proposes hefty duties for pork, wine and fruit
U.S. agriculture is bracing itself potentially costly tit-for-tat trade retaliation between the Washington and Beijing that could hit everything from American pork to wine. “The producers of the commodities that are being targeted will probably feel the effects of it,” said Larry Karp, an agricultural economist at the University of […]
The creators of Apple Siri built a robot that can dismantle bombs or perform surgery
SRI International is developing a robot that can be used to dismantle bombs or perform surgery with a little help from virtual reality headsets. The non-profit research and development group in Silicon Valley previously created Apple’s Siri and the core technology used by Intuitive Surgical in its da Vinci systems. […]
Stocks now in downward spiral, as political risk becomes bigger threat than rising interest rates
Political risk has replaced rising interest rates as the bigger fear in the stock market for now, and concerns about trade wars or other White House drama will be the market focus in the week ahead. The stock market had its worst week since January 2016, in a violent sell-off […]
Cramer Remix: The one bright spot after a tough week
CNBC’s Jim Cramer welcomed Dropbox’s successful initial public offering on Friday as a reminder that even in a sell-off, good things can still happen. Shares of the cloud-based data storage company closed up over 35 percent after its first day of trading, at $28.48 a share, well above the company’s […]
Boeing reportedly set to win American wide-body jet order
Boeing is close to winning a keenly fought contest to supply 787 Dreamliner jets to American Airlines, beating European competition from the Airbus A330neo, three people familiar with the matter said. The deal, which remains to be finalized, also marks a victory for General Electric, whose engines are expected to […]