It’s trade policy, not Fed policy, that’s slowing economic growth, Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, told CNBC on Friday. “Global growth is slowing, trade policy has created uncertainty and tariffs have an impact as well,” she said on Closing Bell. “Those factors really […]
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Watchdog to review Treasury’s handling of request for Trump’s tax returns
President Donald Trump during a meeting in the Oval Office of the White House, September 16, 2019. Al Drago | Reuters The Treasury Department’s internal watchdog is investigating how the department handled House Democrats’ requests for President Donald Trump’s tax returns, CNBC confirmed Friday. Ways and Means Committee Chairman Richard […]
CIA’s top lawyer made criminal referral on whistleblower’s complaint about Trump conduct
President Donald Trump arrives to address the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, September 24, 2019. Carlo Allegri | Reuters Weeks before the whistleblower’s complaint became public, the CIA‘s top lawyer made what she considered a criminal referral to […]
Dow and S&P 500 will try to snap a 3-week slide as US-China trade talks kick off in the week ahead
Stocks will try to regain their mojo next week as China and the U.S. hold long-awaited trade negotiations in Washington. The Dow Jones Industrial Average dropped 0.9% this week while the S&P 500 slid about 0.3%. Overall, the two averages posted their first three-week losing streak since August. Wall Street’s […]
Trump’s negotiators are unlikely to bring up Biden probe request in trade talks
Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Fred Dufour | AFP | Getty Images President Donald Trump’s appeal to China to investigate his political rival Joe Biden has increased the pressure […]
PayPal withdraws from Facebook’s libra cryptocurrency
David Marcus, head of blockchain with Facebook Inc., waits for the start of a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 16, 2019. Andrew Harrer | Bloomberg | Getty Images PayPal is withdrawing from Facebook’s Libra Association, the company announced Friday. “PayPal has made the decision […]
House Democrats request documents from Mike Pence in Trump impeachment inquiry
US President Donald Trump (L) and US Vice President Mike Pence at Joint Base Myer-Henderson Hall, Virginia. Brendan Smialowski | AFP | Getty Images House Democrats on Friday demanded that Vice President Mike Pence turn over documents related to President Donald Trump’s call with the Ukrainian president at the heart […]
Apparent Iran-linked hackers targeted Trump campaign, Reuters reports
President Donald Trump announced that the U.S. has issued new sanctions on Iran’s central bank at the “highest level” while speaking in the Oval Office on September 20, 2019 in Washington, DC. Win McNamee | Getty Images A hacking operation apparently linked to the Iranian government unsuccessfully targeted President Donald […]
Apparent Iran-linked hackers targeted Trump campaign
President Donald Trump announced that the U.S. has issued new sanctions on Iran’s central bank at the “highest level” while speaking in the Oval Office on September 20, 2019 in Washington, DC. Win McNamee | Getty Images A hacking operation apparently linked to the Iranian government unsuccessfully targeted President Donald […]
CEOs better wake up to the new breed of Elizabeth Warren capitalism, warns GOP pollster
Business leaders must reckon with the American electorate’s frustration with capitalism that is driving Sen. Elizabeth Warren‘s rise in the Democratic primary, Republican pollster Frank Luntz told CNBC on Friday. “I say to corporate leaders who are watching today: If you don’t listen to what Marc [Benioff] said, if you […]