Live updates: Protests and rioting erupt in cities across the U.S. as anger boils after the killing of George Floyd

China says U.S. action on Hong Kong 'doomed to fail'

The mouthpiece of China's ruling Communist Party said U.S. moves to end some trading privileges for Hong Kong "grossly interfere" in China's internal affairs and are "doomed to fail."

Expect more shocking economic data in the week ahead with the unemployment rate set to near 20%

The growth-versus-value rotation could continue to be a stock market theme in the week ahead, as investors watch emerging headwinds.

Trump says the U.S. will cut ties with World Health Organization

President Donald Trump says the WHO "failed to make the requested greatly needed reform" and the U.S. "will be today terminating our relationship."

Coronavirus live updates: EU asks U.S. to reconsider cutting ties with WHO as India reports record jump in new cases

The coronavirus has infected more than 5.95 million people around the world as of Saturday, killing at least 365,437 people.

Trump taking action to eliminate special treatment for Hong Kong

The shift in Hong Kong's status immediately jeopardizes several aspects of the former British colony's relationship with the United States.

Four travel stories that were too good to be true

Here are four widely-read travel stories from the past two months where details were later clarified that made the original headlines substantially less impressive than they originally seemed.

SpaceX prototype Starship rocket explodes after test in Texas

A fourth prototype of SpaceX's next-generation Starship rocket exploded on Friday after a test at the company's development facility in Texas.

Oil jumps nearly 90% in May to $35, registering best month on record

West Texas Intermediate gained more than 80% in May for its best month on record, but some are warning that the rally may be overdone.

Sweden's economy actually grew in the first quarter after it opted against a full virus lockdown

It comes at a time when the country has the highest coronavirus death rate in the world.

An entire village in Sweden is on sale for just over $7 million ? take a look

The coronavirus pandemic may have brought most of the global property market to a standstill but in Sweden, which never fully went into lockdown, a village has gone up for sale for 70 million Swedish krona ($7.3 million).

After many centuries, bamboo still has a role to play in the construction sector

The use of novel materials in the construction sector could become increasingly important.

NBA targets July 31 to resume season, source says

The National Basketball Association has targeted July 31 as its date to resume games, a league source has confirmed to CNBC.

Google reportedly rescinds job offers for thousands of contractors and temporary workers

Last month, CEO Sundar Pichai told employees hiring and investments would slow during the uncertainty created by the coronavirus pandemic.

Sovereignty concerns may be why China is taking a strong stance on Hong Kong, expert says

China's decision to introduce a national security law for Hong Kong has to do with Beijing's desire to show its sovereign might, a former CIA China analysts says.

Mark Zuckerberg says Trump's posts do not violate Facebook policy

Facebook CEO Mark Zuckerberg on Friday said a post by President Donald Trump in which he says "when the looting starts, the shooting starts" does not violate the company's policies and will remain online.

Michael Flynn transcripts released, calls with Russian diplomat detailed

Michael Flynn pleaded guilty in December 2017 to lying to the FBI about his conversations with the Russian ambassador to the U.S. at the time, Sergey Kislyak. Earlier this month, the Department of Justice moved to drop its case against Flynn.

The world's 'largest all electric commercial aircraft' completes its first flight

The plane took off from an airport in Moses Lake, Washington.

Heat wave scorches parts of U.S. and India; Siberia experiences record high temperatures

The heatwave in Siberia raises major concerns over devastating wildfires breaking out this summer as climate change accelerates permafrost melt in much of the Arctic region.

Led by Tesla, electric vehicle sales are predicted to surge in 2021

"There's pent-up demand for electric vehicles," said Sam Jaffe, managing director of Cairn Energy Research Advisors. "We will see a combination of factors make 2021 an inflection point for the sale of electric vehicles."

Twitter flags Trump tweet on Minneapolis for 'glorifying violence'

Twitter slapped a "public interest notice" on a tweet from President Trump, saying it violated its rules on glorifying violence.

Morgan Stanley is planning to bring traders back to New York headquarters next month, sources say

Morgan Stanley's move is an an early test of whether the financial capital of the world can safely reopen amid the coronavirus pandemic.

Chinese tech giant NetEase files for secondary Hong Kong listing, amid greater scrutiny over Chinese firms

NetEase, a U.S.-listed Chinese online gaming company, confirmed on Friday it will seek a secondary listing in Hong Kong.

Brazil's Embraer draws foreign interest after Boeing rift, sources say

Aircraft makers are circling Brazil's Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said.

SoftBank leads $500 million investment in Chinese ride-hailing firm Didi's self-driving car unit

Didi said it will use the funding to "accelerate" the launch of driverless vehicle services in China and abroad.

African migrant workers are unable to send money home, cutting off a lifeline to vulnerable communities

The coronavirus pandemic is leaving migrant workers unable to send money or goods home to families, cutting off a vital lifeline for communities already under siege from a barrage of external shocks.

We thought too big, Renault says as it axes 15,000 jobs in cost-cutting reboot

Faced with a slump in demand that has been exacerbated by the coronavirus pandemic, Renault detailed plans on Friday to find 2 billion euros ($2.22 billion) in savings over the next three years.

SoftBank has doubled Vision Fund CEO's pay to $15 million despite record losses of $18 billion

Rajeev Misra, the CEO at SoftBank Vision Fund, has seen his pay double from $7 million to $15 million despite bets costing SoftBank billions.

Portugal expects a 'substantial change' in its finances after posting its first surplus in 45 years

The country achieved a budget surplus of 0.2% of its gross domestic product in 2019 ? its first surplus since 1975.

One of the oldest bottles of cognac has sold at auction for nearly $150,000

A bottle of Gautier Cognac, the oldest vintage ever sold at auction, was bought in online bidding for 118,580 ($145,842).


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