Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
H&R Block is seeing a surge in business as more Americans struggle with tax issues related to the Affordable Care Act, CEO William Cobb told CNBC on Monday.
Americans who are in health-care exchanges are confused because they have to reconcile costs and tax credits depending on their final income for the year, he said in a "Squawk on the Street" interview. Others must determine whether they are eligible to be exempt from penalties after going without coverage.
"Because of additional forms and this reconciliation to the actual income, it's millions more, and we're seeing that in the amount of people coming into our offices now," he said.
The government now estimates 3 million to 6 million Americans will pay a tax penalty related to the health-care law, Cobb said. An addition 20 million or so are seeking an exemption.
Cobb does not expect a significant uptick in auditing activity because the government mandate that all Americans purchase some form of health care under the ACA is fairly clear cut from an auditor's perspective. "You either have insurance or you don't, because it's the law of the land."
H&R Block is still determining whether new business related to health-care inquiries will provide higher margins than the traditional preparation services it has provided in the past.
Tax preparation firms have faced the prospect of lost revenues for years as more Americans turn to free online tax preparation services.
Read MoreWhy this Obama budget may matter
"We have to see how this plays out," he said. "I've told our analysts and the investors this is going to play out over a couple of years, and we don't have to have a good quantification yet because it's still early. Tax season is just kicking off."
The firm has also tried to attract customers by recasting tax season as refund season in a series of advertisements that play up how much money do-it-yourself filers leave on the table by forgoing professional advice.
"People love the ads and it's really drawing people in," he said.