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As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
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Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
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A New York-based blockchain consulting firm allegedly extorted a Seattle-based crypto start-up with threats to hijack its initial coin offering, in a case announced Wednesday...Technologyread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.The Fedread more
What is Donald Trump talking about? Again?
The Republican presidential nominee on Tuesday said "all of my employees are having tremendous problems with Obamacare."
"Obamacare is just blowing up," Trump said.
The claim, during an event at his Doral resort in Florida, set off an instant firestorm on Twitter
People noted that Trump's claim suggests that either his workers don't get health-care coverage from his companies — or that he doesn't know what he's talking about when he blames Obamacare.
That's because people who get insurance through their jobs don't have Obamacare. And if they do get such insurance, they wouldn't be having problems with Obamacare.
On the other hand, if Trump's workers don't get health care from their jobs — despite him claiming that he has provided them with health coverage — then many of them would have to buy Obamacare individual health plans.
In that case, they might have problems with Obamacare. But it then would raise the question of why Trump isn't giving them insurance, even after he said he did.
In February, Trump told Fox News' Sean Hannity that "they don't have to worry about Obamacare, my people."
"I treat them really good with health care," Trump told Hannity. "It's a very important thing."
Trump's latest claims about workers actually having problems with Obamacare came a day after federal health officials revealed that the monthly premium prices of key benchmark Obamacare plans sold on HealthCare.gov are set to rise an average of 25 percent in 2017.
However, most people who buy Obamacare coverage through HealthCare.gov and other government-run marketplaces qualified for financial aid in the form of tax credits that offset the cost of their monthly premiums. Officials said Monday that nearly 80 percent of customers on HealthCare.gov could find an insurance plan that would cost them less than $100 per month, after financial assistance.
CNBC has reached out to the Trump campaign for comment.
After his remarks, Trump was reportedly asked by journalists if he provided health insurance to all of his employees.
"Yes, I do. I do," Trump said, according to Cox Radio.
"So none of them are on Obamacare?" a reporter asked.
"No — well, some of them are, but most of them no," Trump said.
According to the Los Angeles Times, David Feder, general manager of Trump's Doral resort, said, "There really isn't a need for the vast majority of our employees to purchase Obamacare."
After his remarks, Trump tweeted about sharply higher Obamacare rates announced Monday.
Correction: Trump spoke to Cox Radio. An earlier version misidentified the outlet.