Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new reach Monday.Marketsread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
Bank, property and healthcare stocks jumped, pushing Australian markets to a 11-year high, as Scott Morrison and the Liberal-led conservation government are poised for a...World Marketsread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Trade tensions between the U.S. and China stalled a global recovery and are continuing to endanger investment and growth, the secretary general of the OECD warned Monday.World Economyread more
Prime Minister Narendra Modi and his Bharatiya Janata Party are set to form the new government again, exit polls from India's month-long parliamentary elections show. But past...Electionsread more
The latest crisis in the uneasy French-German relationship was accelerated by Trump's decision to stop Germany's comfortable and decades-old free-riding on trade and security...Europe Politicsread more
The 68-year-old McMahon was a major Trump backer during his campaign, giving $6 million to a pro-Trump super PAC.
The SBA has an office in every state and helps with financing and training for small businesses and entrepreneurs. President-elect Trump said in a statement that McMahon would aim to "bring back our jobs and roll back the burdensome regulations that are hurting our middle class."
"Our small businesses are the largest source of job creation in our country," McMahon said in a statement. "I am honored to join the incredibly impressive economic team that President-elect Trump has assembled to ensure that we promote our country's small businesses and help them grow and thrive."
McMahon ran unsuccessfully for U.S. Senate seats in Connecticut twice in 2010 and 2012. She spent nearly $100 million on the two campaigns.
In her campaigns, McMahon supported a lower corporate tax rate and a reduction in regulations. Trump has proposed chopping the corporate tax rate to 15 percent from 35 percent and drastically rolling back regulations.
McMahon and husband Vince founded WWE more than 30 years ago. The publicly traded company now has a market value of about $1.5 billion.
Trump has ties to the WWE and is a member of its hall of fame.