Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Scotland's first home-grown billionaire has slammed the U.K. government for telling Scottish voters that they would be unable to continue sharing the pound should they vote to quit the union.
"I think it was wrong of the Treasury and Westminster government to say you just can't have a currency union, because obviously you can. It is in the interests of both (Scotland and the rest of the U.K.), if the Scottish people vote for independence," Tom Hunter, the founder of Sports Division, told CNBC.
On September 18, Scotland will vote on whether to remain part of the U.K., which currently includes England, Wales, Scotland and Northern Ireland.
Independence is supported by the Scottish National Party, which currently holds a majority in Scotland, but is opposed by the governing Liberal Democrat-Conservative coalition in London, and by the rival Labour party.
There has been fierce debate between the two sides about how Scottish independence would work, including whether it would use the British pound, the euro, or its own currency. There also concerns about the country's deficit and the value of its revenues from oil drilling in the North Sea.
Danny Alexander, the chief secretary to the U.K. Treasury and a constituency member of parliament in Scotland, weighed in on Wednesday.
"All of the economic evidence suggests, when you look at what has happened in the euro zone for example, that locking yourself in a currency union with a foreign country, in the way the rest of the U.K. would be asked to do, is something that poses huge long-term risks," he told CNBC.
"For Scotland too, settling independence on the basis of a currency is like trying to sell someone a car without a steering wheel. You wouldn't be able to adjust your interest rates, you wouldn't be able to adjust your exchange rate. It's bad for both sides."
Hunter told CNBC he was "undecided" about which way to vote in the referendum. However, he added that U.K. policymakers were disingenuous in claiming a Scottish-U.K. currency union would be unfeasible in the event of independence, and warned that their intransigence could push Scots towards a "yes" vote.
"They (the U.K. government and Treasury) are trying to make a political point—they want us to stay together," said Hunter.
"That is okay, but let's have some great debate and let's have some real positives, because I must tell you that as a Scotsman, when people tells us 'no you can't have this and no you can't do that', we are bit thrown and we might just go the other way."
Twenty-nine percent of Scots plan to vote "yes" in the referendum, according to a poll published this month by Scottish market research agency TNS. Forty-one percent of those polled said they would vote "no" and the rest were undecided.