Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
President Donald Trump said he likes low interest rates in a meeting with Federal Reserve Chair Janet Yellen and National Economic Council Director Gary Cohn, according to a Tuesday Wall Street Journal report, citing people familiar with the conversation.
Weeks after taking office, Trump told Yellen he believes she is a "low-interest rate" person like himself, the report said.
The Federal Reserve did not immediately return a CNBC phone call for comment.
At its two-day meeting set to end Wednesday afternoon, the Fed is expected to raise short-term interest rates for the fourth time in two years. The central bank has kept interest rates near historically low levels as the U.S. economy emerged from the Great Recession in the last decade.
During his campaign, Trump criticized Yellen for keeping rates low for political reasons and said he would likely replace her. Yellen's term ends in February 2018.
Former Goldman Sachs president Cohn sat next to Yellen, across from Trump, during the roughly 15-minute conversation, the Journal said Tuesday.
A White House spokeswoman told CNBC in late April chatter about Cohn being Yellen's eventual successor was "entirely speculation."
Trump told the Journal in an interview earlier in April that he was undecided about renominating Yellen and that he does "like her" and "respect her." He also said, "I do like a low-interest rate policy."
Read the full story in the Journal here.