Today’s G-7 meeting in Quebec is likely to be overshadowed by President Donald Trump’s decision to press ahead with tariffs on U.S. allies. Shortly after Trump announced the tariffs, U.S. allies quickly announced retaliatory measures. (CNBC) * Trump to leave summit early amid feud (USA Today)* Trump lashes out at allies after France threatens to […]

Apple shares fell 2 percent in U.S. premarket trading on Friday, after a report said the firm told its supply chain to make 20 percent fewer parts for iPhones in the second half of 2018. The Nikkei newspaper, citing unnamed industry sources, reported that Apple was placing less orders as it is taking a “cautious” […]

The chairman of ZTE apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion fine to the United States to end a ban that has crippled key businesses, including smartphones. The ban, which traces back to a breach of the U.S. embargo on trade with Iran, had […]

Allianz Technology Trust (ATT) doesn’t hold heavy positions in many FAANG stocks, senior portfolio manager Walter Price told CNBC on Friday, partly because he prefers opportunities elsewhere, but also because he doesn’t see massive growth ahead. FAANG refers to a basket of high-technology growth stocks — Facebook, Amazon, Apple, Netflix and Google — that have […]

Creating some artificial intelligence programs is easy, but turning them into successful businesses is a challenge, experts said this week in Singapore at the annual Innovfest Unbound tech conference. Improvements in computing power and better availability of data have sped up developments in AI, with large corporations, start-ups, universities and governments all getting involved. Earlier […]

Israeli investor Yossi Vardi has a knack for identifying top tech companies. Over his five-decade career, the 76-year-old has earned a multi-million-dollar fortune and the unofficial title of Israel’s hi-tech ‘godfather’ after investing in almost 90 IT companies, including the world’s first instant messaging platform, ICQ. So what is his winning formula? CNBC Make It […]

David Feinberg, the CEO of Pennsylvania-based health system Geisinger Health System, is the top candidate in discussions to lead the Amazon-Berkshire-JPMorgan joint venture to fix health care in the United States, according to people close to the selection process. Feinberg has not yet accepted the offer, but he is still in active talks after beating […]

The hit game “Fortnite” is on pace to become a billion-dollar title in 2018, thanks in no small part to surging use by female gamers. When Epic Games first released “Fortnite” in 2017, it was only compatible with PCs, the Xbox and PlayStation. Its first version was a pay-to-play game mode known as “Save the […]

If former basketball star and de facto diplomat Dennis Rodman travels to Singapore next week for a summit between North Korea and the United States, a cryptocurrency company that lets you buy marijuana may be footing the bill. Rodman’s agent confirmed his interest in the Singapore trip to the Washington Post, saying he would provide […]

Stitch Fix soared after the company reported strong earnings and user growth on Thursday. Here’s how the company did compared to what Wall Street expected: Earnings: 9 cents vs. 3 cents forecast by Thomson Reuters Revenue: $316.7 million vs. $306 million forecast by Thomson Reuters Active clients: 2.7 million vs. 2.66 million forecast by StreetAccount […]