Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday morning as U.S. Treasury yields bounced higher after plunging last week which sent markets into a panic.Asia Marketsread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.Europe Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
The White House on Tuesday denied that it is currently considering two controversial provisions to raise revenue as part of its broad tax overhaul.
Earlier in the day, The Washington Post reported that the Trump administration was looking at a value-added tax or carbon tax as part of its reform plan. However, the newspaper stressed, administration officials say the plan is not finalized and the Trump administration continues to mull alternatives.
"As we have said many times, the President's team is hearing input from experts on all sides of the tax reform debate as we formulate what will ultimately be the President's plan to enact the first significant tax reform since 1986. As of now, neither a carbon tax nor a VAT are under consideration," a White House spokeswoman said in a statement.
Republicans have turned their attention to an overhaul of the U.S. tax system, a key campaign goal, after their first attempt to replace the Affordable Care Act failed. Opposition to border adjustment — a House GOP provision designed to raise revenue and help to offset major tax cuts — threatens to delay or trip up efforts to pass reform.
A value-added tax, which is widely used around the world, is consumption-based. A carbon tax would hit emissions of greenhouse gases related to the burning of fossil fuels.
The carbon tax would appear to clash with the priorities Trump has sought so far in his administration. He has taken steps to start rolling back environmental regulations on coal companies.
The White House did not immediately respond to CNBC's request to comment.
Watch: White House says no to VAT, carbon tax