Stocks traded higher for a second straight day on hopes the Federal Reserve chief will confirm expectations of easier monetary policy at a central banking summit this week.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
Kraft has filed a contempt motion against the CFTC over a press release announcing the $16 million fine to settle claims of manipulating wheat prices.Food & Beverageread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
Democratic candidates face an August 28 deadline to qualify for the September debate.2020 Electionsread more
Sterling hit a three-week high against the dollar Thursday after German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31...Europe Economyread more
Target shares closed Wednesday up more than 20%, after the retailer reported impressive profit growth and a spike in traffic that surpassed analysts' expectations.Retailread more
"If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the 'Trumponomics' co-author says.Economyread more
Donald Trump is just hours away from becoming president.
It is arguably the most stunning political development in the history of the country.
Trump is a bombastic businessman-turned-reality-television star. Nobody, including himself, at the outset, thought Trump was going to win. After he first announced his run, he said he had a 10 to 20 percent chance of winning.
He was seen as a sideshow in the Republican primaries until the very moment he won the nomination. He was seen as a long shot in the general election until the night he beat Hillary Clinton in the voting booths.
And, now here we are, moments away from Trump being sworn in as president.
Which is why it's a good time to revisit a December comment made by Barry Diller, IAC's chairman and a Trump antagonist.
"Let us see what this is like. It is, kind of, a grand experiment," Diller said In an interview with CNBC.
This is the best summation of what is about to happen.
For years, business leaders have complained about government being too slow or unfriendly to business.
We now have a real businessman leading the country. And not only is he leading the country, he has stacked his administration with business leaders — the CEO of Exxon, the COO of Goldman Sachs, the CEO of Hardees and Carl's Jr. were picked for key roles. Also in the mix, we have the CEO of media company Breitbart, the CEO of OneWest bank, and Trump's son-in-law, Jared Kushner, who ran his own media company and a real estate business.
Successful business people — especially at the levels where these men operated — aren't accustomed to having a boss. Now, all of them work for Trump, who works for the American people. They also have to navigate the gnarly world of Congress, which is something they never had to deal with in their private enterprises.
Never before have we seen business people take over our government. This is a grand experiment.