The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
In a statement Monday, Barr said he will name Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
Washington is stuck in a stalemate over budgets, debt and health-care costs, leaving government unable to function properly, President Barack Obama told a gathering of CEOs on Wednesday.
Obama's comments came less than an hour after the Republican leadership in the House of Representatives said it would tie a government funding measure to the ongoing effort to defund the Obamacare health care reforms.
(Read more: House Republicans plan to defund Obamacare: Boehner)
"I have responsibilities ... not just to the current generation but to future generations," Obama said. "We're not going to set up a situation where the full faith and credit of the U.S. is put on the table every year or year-and-a-half and we go through some kind of terrifying financial brinksmanship."
Obama also implored the CEOs to use their influence to try and help restore what he called "regular order" to Washington.
Earlier, Speaker John Boehner said House Republicans will pass a budget bill this week that withholds funding for Obamacare, setting up a showdown that could push the government toward a partial shutdown at the end of the month.
The GOP effort stands little chance in the Democratic-controlled Senate. Funding to operate the federal government runs out at the end of September.
House Majority Leader Eric Cantor, R-Va., said the House will also push to delay the health care law for a year as part of a plan to extend the government's ability to borrow. He said debt ceiling talks will include a path forward on tax reform and approval of the Keystone XL pipeline.
Boehner said the coming debate over raising the $16.7 trillion U.S. borrowing cap would be "no different" than the party's effort in 2011 to link a debt limit hike to federal spending cuts.
(Read more: )
—By CNBC.com with wires.