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
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 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
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
Amazon.com became a powerhouse among Internet retailers thanks to the scale of its goods and its value. Though Amazon has "done a lot of good," the online retailer has become so big and powerful that its aggressive pricing model could threaten to end the publishing industry, a technology attorney told CNBC on Monday.
"What's happening with Amazon is that they're taking advantage and trying to break some rules in order to win this 'winner take all' game," Bob Kohn, founder of EMusic.com, told "Squawk Box. "
To Kohn, the company is monopsony engaged in "predatory pricing." Amazon can currently purchase a book for $13, for example, and then sell it for $9, Kohn said. With customers hungry for a discount, Amazon will continue to sell books at a discount until it has captured nearly all of the market share, he said. Eventually, he thinks the retailer will drive prices down to zero, offering authors and publishers literally nothing for their works.
"Eventually they're going to try to charge more, but when you have 90 percent of the market and you go to authors, even self-published ones, and say we don't want to pay anymore, where are you going to go to get your book published? If Amazon has 90 percent share, there's no place else to go."
Kohn said Amazon's aggressive pricing is dangerous because it could hamper the creation of new books, negatively affecting free speech and innovation.
"The public has an interest in the creation of new works of authorship, like new books, and you can't get new books without compensating authors some price above zero."
A request for comment from Amazon went unreturned.
—By CNBC's Drew Sandholm.