Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
Morgan Stanley has cut its bear (worst-case) forecast on Tesla's stock from $97 to just $10, citing concerns about the company's increased debt load and geopolitical exposure.Autosread more
Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts expectations, despite a damp start to the spring in much of the U.S.Retailread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
The FCC approved groundbreaking net neutrality regulations Thursday by a 3-2 vote along partisan lines. The battle between Internet companies and Internet service providers heated up ahead of the vote, with CEOs on both sides weighing in—including Netflix's Reed Hastings, for one, in favor, and Comcast's Brian Roberts, for another, against it.
But the two sides aren't really disagreeing over net neutrality itself: There's general consensus about the basic tenets of no blocking or throttling of basic Internet service.
So what are people really fighting over? The controversy comes down to the fact that the FCC's new net neutrality rules reclassify broadband as a public utility—just as telecom companies are considered a public utility—under what's called Title II regulation.
Proponents of the new rules say regulating the Internet as a utility protects consumers and innovation.
Opponents say it stifles innovation and restricts capitalism. Essentially, the debate has become ideological and partisan.
"On the one hand, you have the Internet companies like Netflix and Facebook who are trying to ensure they have unfettered access to the consumer and that the consumer has unfettered access to them, " said analyst Craig Moffett at Moffett Research.
"And on the other hand, you have companies like Verizon, AT&T and Comcast who are saying they don't oppose any of the net neutrality-related rules, but the legal framework in order to get there imposes all these burdensome regulations and the risk of government overreach. "
The concern, Moffett said, is the risk that Title II regulation—even with all sorts of carve-outs, or "forbearance" on certain more onerous parts of Title II—will lead toward the government regulating prices.
"Is this really a foot in the door towards price regulation of the broadband market?" he asked. "The Internet service providers, the cable companies, the phone companies would argue, yes, that this really is a step in the direction of price regulation because the statutes that are being imposed do include requirements around, quote unquote, just and reasonable pricing."
The FCC has said very clearly that it does not plan to regulate pricing. But the concern among opponents of the new regulation is that this could be a slippery slope.
Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.