Telefonica Deutschland, one of Germany’s top mobile carriers, has picked Huawei and Nokia to build out its 5G network. The move is a potential snub to the U.S. government which has been campaigning for its allies to keep the Chinese telecoms equipment giant out of their 5G networks. Japan and Australia have effectively banned the company from their 5G networks. The German government decided in October it would not exclude Huawei from its 5G networks. Instead, it introduced a draft proposal for s

A Saudi Aramco logo sits on display during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, United Arab Emirates, on Nov. 13, 2018. “It’s not exactly what you might call a free market price,” John Rutledge, chief investment officer at investment firm Safanad, told CNBC in Abu Dhabi shortly after trading began on the Saudi Tadawul. In a statement, Saudi Aramco replied to the suggestion saying, “We believe the demand from a broad base of individual investors and such a w

The European Central Bank (ECB) kept its rates unchanged on Thursday following new President Christine Lagarde’s first monetary policy meeting in Frankfurt. The euro traded roughly flat against the dollar at $1.1132 following the announcement awhile equity markets turned slightly negative after marginal early gains. Lagarde suggested that the growth slowdown was stabilizing but that incoming data since October’s policy meeting “pointed to continued muted inflation pressures and weak euro area gr

The Trump administration has reached a phase one trade deal with China in principle, pending approval from President Donald Trump, three sources close to talks told CNBC on Thursday. The White House has offered to scrap those duties and slash some existing tariffs in half, two sources told CNBC. Trump has focused on the U.S. agricultural products China will purchase as part of the deal, one of the sources told CNBC. He tweeted that the U.S. has moved close to a trade deal with Beijing after seve

The U.K. general election will be held on Thursday, December 12th, 2019. Ken Jack | Getty Images News | Getty ImagesThe U.K. pound jumped more than 2% after an exit poll projected an 86-seat majority for the Conservative Party in the U.K. general election. The exit poll by Ipsos Mori is commissioned by Sky News, the BBC and ITV and is generally considered more accurate than polls leading up to election day. The Conservative Party is tipped to gain around 50 seats in the election, while Labour wo

U.K. Prime Minister Boris Johnson is set to remain in power with an exit poll showing his Conservative Party winning a clear majority of parliamentary seats in a general election on Thursday. The poll projected that the Conservatives would win 368 seats in Parliament, a gain of 50 seats from the 2017 election. The centrist Liberal Democrats were predicted to get 13 seats, the Brexit Party none and the Scottish National Party 55 seats. ‘Huge margin'”Boris Johnson seems to have won the U.K. genera

U.K. Prime Minister Boris Johnson is set to remain in power with an exit poll showing his Conservative Party winning a clear majority of parliamentary seats in a general election on Thursday. The poll projected that the Conservatives would win 368 seats in Parliament, a gain of 50 seats from the 2017 election. The centrist Liberal Democrats were predicted to get 13 seats, the Brexit Party none and the Scottish National Party 55 seats. ‘Huge margin'”Boris Johnson seems to have won the U.K. genera

ECB’s Lagarde: Seeing ‘encouraging’ signs on US-China trade and BrexitECB President Christine Lagarde says the U.S.-China trade conflict is “heading in a better direction.”

Harvesting your capital gains in a taxable account is a strategy whereby taxpayers below a certain income threshold sell off winning investments that have risen in value – and can do so tax-free. While you’re reaping capital gains tax-free in the short term, this move – done correctly – can also help you cut your tax bill over the long term. “There can be value to harvesting gains under the right circumstances,” said Brian Ellenbecker, senior financial planner at Robert W. Baird & Co. in Milwauk

Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. Travelers are concerned about the safety of the Boeing 737 Max and many will be hesitant to fly on it — even after regulators deem it safe, a survey released on Thursday found. A fifth of respondents said they would fly the Max immediately after it is reintroduced into airline fleets, the Bank of America Merrill Lynch survey found. More than 300 Boeing 737 Max planes were in

The 25,000-square-foot main residence Photograph by Jim Bartsch, courtesy of the Estate of Jerry PerenchioThe property’s 25,000-square-foot main residence has 11 bedrooms, 18 bathrooms and a limestone facade. Morning room Photograph by Jim Bartsch, courtesy of the Estate of Jerry PerenchioOn the opposite end of the main level is the “garden room.” Photograph by Jim Bartsch, courtesy of the Estate of Jerry PerenchioThe parking structure can hold up to 40 cars. Motor court Photograph by Jim Bartsc

The Child, popularly known as “Baby Yoda,” is a character in the new Disney+ series, “The Mandalorian”Hasbro, which holds the master toy license for Star Wars-branded toys, has finally revealed its first collection of figures based on everyone’s favorite character from “The Mandalorian” — Baby Yoda. While the cute creature has been dubbed Baby Yoda, because of his resemblance to the iconic “Star Wars” character, retailers, manufacturers and Disney itself call the character “The Child.” Starting

Rocket Lab CEO Peter Beck on the company’s new US launch siteCNBC’s Morgan Brennan reports on her conversation with Rocket Lab CEO Peter Beck on the new U.S. launch site for the company.

Market run-up due to improvement in trade sentiment, fundamentals: Wells Fargo’s JacobsenBrian Jacobsen of Wells Fargo Asset Management and Kevin Caron of Washington Crossing Advisors join “Squawk Alley” to discuss the market’s move higher amid trade optimism.

SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Tesla’s general counsel is leaving the company, marking the latest executive departure for the electric-car maker. Jonathan Chang, who worked at Tesla for almost nine years, has taken a position as general counsel at SambaNova, the AI chip start-up announced Thursday. With Chang’s departure, Tesla has now lost three general counsels in the past year. Tesla’s general coun

Shares of fintech company Bill.com soared a whopping 60% on its first day of trading on the New York Stock Exchange on Thursday. Bill.com, which sells software services to small- and medium-sized business to help with payment processes, was priced at $22 per share before its market debut. “We focus on really helping small- and medium-sized businesses get rid of the mess that runs their back office,” Bill.com founder and CEO René Lacerte told CNBC’s “Squawk Alley” on Thursday. The company’s artif

Katie SchoolovAmazon is already delivering about half of its own packages in the U.S., according to a Morgan Stanley estimate on Thursday, and will soon pass both United Parcel Service and FedEx in total volume. “Our AlphaWise analysis shows that Amazon Logistics already delivers ~50% of Amazon US volumes, focused on urban areas,” Morgan Stanley said. Amazon Logistics is the e-commerce giant’s in-house logistics operation. For comparison, Morgan Stanley estimates UPS and FedEx have U.S. shipping

Autodesk — Shares of the software company fell more than 1% after JPMorgan downgraded the stock to an underweight rating. The firm said that after the stock’s roughly 12% gain in the last month there isn’t a lot of upside ahead. The buy rating represents an upgrade in the firm’s opinion of GE, as the previous analyst had a neutral rating. Delta Air Lines — Delta shares rose more than 3% after the airline giant issued 2020 guidance that topped analyst expectations. It forecast fourth-quarter earn

It may have been quite the decade for the U.S. exchange-traded fund market, but the next one could see its assets surge tenfold to $50 trillion, Bank of America predicted. Since the inception of the first ETF — the S&P 500 SPDR — in 1993, the U.S. market has grown rapidly to a $4.3 trillion juggernaut. Equity passive funds alone, which include index funds, have ballooned to a more than $3 trillion market in less than 10 years, according to Morningstar. Bank of America believes the relatively str

CNBC’s Jim Cramer on Thursday thanked former Trump advisor Steve Bannon for praising his recent remarks that the U.S. economy is strong enough for the president to walk away from China trade talks. Bannon, an ex-White House chief strategist and the former head of far-right Breitbart News, said in a “Squawk Box” interview, “I like quoting a liberal Democrat, some guy named Jim Cramer.” “So I thank Steve Bannon for recognizing that this is a position that is not a left or right issue. It’s an issu