CNBC News

The top federal ethics watchdog says embattled Environmental Protection Agency chief Scott Pruitt‘s actions related to his rent, travel and expenses “raise concerns” and may violate official standards of conduct. The United States Office of Government Ethics‘ acting director also told the EPA in a letter that it should take […]

While conventional wisdom focuses on trade and inflation as sources of market tumult, Bank of America Merrill Lynch chief investment strategist Michael Hartnett sees the Fed as the real source. The U.S. central bank has been on a course of policy tightening that began with a rate hike in December […]

Even if you’re scrambling to get your taxes done, it might be worth taking some time to tally up your 2017 medical expenses. The result could be a tax break. A temporary expansion of the medical-expense deduction — coupled with ever-increasing health costs — could translate into a writeoff, even […]

Jack Ma, founder of Chinese e-commerce giant Alibaba, on Monday urged Facebook to resolve its data privacy problems, a day before the social media giant’s founder, Mark Zuckerberg, was due to appear at U.S. congressional hearings. Ma, speaking at the Boao Forum for Asia in China’s southern Hainan province, was […]

The biotech sector is bouncing back big time Monday due to a big acquisition and positive drug developments. The iShares Nasdaq Biotech ETF is up 2.3 percent Monday, following its 5 percent decline this month through Friday. AveXis shares led the sector by rising nearly 80 percent. Novartis said on […]

Investors shouldn’t worry over the latest round of trade policy retaliation between the U.S. and China, according to Goldman Sachs. “Trade tensions represent a minimal risk to S&P 500 earnings in aggregate,” David Kostin, Goldman’s chief U.S. equity strategist, wrote in a note to clients Friday. “Trump Administration has floated […]

In your rush to file your taxes this year, don’t forget to watch out for fraudulent tax preparers. Crooked tax preparers will lure you with the promise of big refunds. Beware that you will be on the hook to pay more money when the Internal Revenue Service catches on to […]

After six years at LinkedIn, Vikram Rangnekar wanted to go back to his entrepreneurial roots. There was just one big obstacle. Rangnekar, a cloud computing developer and former Techcrunch50 winner, was working in Silicon Valley on an H-1B visa. Since H-1B visas are tied to jobs, his options were limited: […]

Check out which companies are making headlines before the bell: Merck – Merck reported upbeat results in a study involving the use of its Keytruda drug in treatment of non-small cell lung cancer, resulting in longer survival rates. Viacom – Viacom asked CBS to raise its takeover bid by $2.8 […]

Calling Washington “horribly dysfunctional,” Florida Gov. Rick Scott will challenge U.S. Sen. Bill Nelson in an election that could be one of the most expensive and highly watched races in the nation. The Republican governor will formally announce his campaign to unseat Florida’s only statewide-elected Democrat on Monday in Orlando. […]