Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
The deal could be announced as soon as next week, according to the report.Technologyread more
President Donald Trump held "constructive" discussions on a range of economic issues including trade and national security issues.Technologyread more
The Obama administration has decided to scrap a plan to tax 529 college savings plan withdrawals.
A White House official called the proposed change a "distraction" and said there are plenty of other ways to raise revenue as part of their budget.
According to a source familiar with the matter, in addition to GOP complaints, House Minority Leader Nancy Pelosi had pressed Obama to drop the 529 plan.
Read MoreObama's middle class dilemma on 529s
Obama had proposed raising $1 billion over 10 years by taxing capital gains realized in withdrawals from 529 college savings accounts. The White House cited surveys showing that 70 percent of the assets in such accounts are held by families earning more than $200,000 per year, and noted that higher-income families benefit most from the current tax exemption for such gains.
In an aim to help the middle class, the White House proposal would then have made permanent the American Opportunity Tax Credit, which provides up to $2,500 per year for families with incomes up to $180,000. It would extend that credit, which is refundable (distributed as a government check) for some families who don't owe federal income taxes, to new categories of students such as those attending classes part time.
There was considerable political debate over whether this plan would in fact help or hurt the middle class.
—CNBC's John Harwood and Matt Cuddy contributed to this report.