A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
Americans are "scared to death of the IRS," and the agency should be severely downsized to keep tax authorities in check, Rep. Roger Williams told CNBC on Wednesday.
"I'm one of those that would love to do away with the IRS. It's a rogue agency. It scares the heck out of people," the Texas Republican said on "Squawk Box."
"The IRS does a pretty good job of going after people that really have done nothing wrong," Williams asserted. He said he personally had a tough time with the agency over inheritance taxes, often referred to as the death tax.
Williams said the IRS came knocking "three days" after the 1990 death of his father who ran a car dealership. He said he worked out a plan to save the business but spent 20 years paying off the government.
The inheritance tax is double taxation, and "it's not fair," said Williams, a member of the House Financial Services Committee.
The House Republican blueprint for tax reform proposes to eliminate the inheritance tax and aims to transform the IRS into what it calls an "agency focused on customer service."
"The IRS, along with some other agencies, should be downsized and basically made a collection agency," Williams argued. "Collect what we're due. Not what we're not due."