Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
President Donald Trump should not impose a tax increase on the wealthiest Americans, media mogul and two-time GOP presidential candidate Steve Forbes told CNBC on Monday.
"That kind of populism Ronald Reagan would have choked on," the Forbes Media chairman and CEO said on "Squawk Box. " "What people want is a vibrant economy. They don't care if Bill Gates gets richer. They want to know: 'Is my paycheck going up? Are my prospects improving?'"
Axios said Trump's chief strategist told colleagues he wants the highest income tax bracket to "have a 4 in front of it" and believes this is a "potent populist idea."
Today, the top bracket is 39.6 percent for single Americans who bring home $418,401 or more annually and for married individuals filing jointly who make $470,701 or more.
Trump and Republicans in Congress have called for major tax cuts for businesses and individuals, saying that lower tax rates would drive the economy and grow jobs.
The White House and some conservative groups are targeting red-state Democrats in hopes of winning support for a tax overhaul, and Senate Democrats have offered to work with Republicans on a bipartisan package. The last time Congress passed major tax reform in the U.S. was 1986.
Forbes said Americans will get tax cuts soon but it's too late for a tax overhaul. "They botched that," he said. "Save the heavy lifting updating the code after next year's election."
Forbes unsuccessfully sought the GOP presidential nomination in 1996 and 2000. He ran on a platform for a flat tax to apply consistent rates across all brackets.
Late last month, White House budget director Mick Mulvaney said the Trump administration wants the biggest and most aggressive tax reform legislation that can pass. He said passing tax reform by the end of the year is "absolutely doable. "
Forbes also spoke on geopolitical tension after North Korea's intercontinental ballistic missile tests. He said the U.S. needs to make it clear to North Korea that "we will shoot your missiles down."
"I think we're seeing if the U.S. doesn't play an active role ... of keeping the bad guys in their place the world goes to hell in a handbasket," he said.
The United Nations Security Council unanimously slapped new sanctions on North Korea on Saturday. The resolution bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood. It also prohibits countries from increasing the current numbers of North Korean laborers working abroad, bans new joint ventures with North Korea and any new investment in current joint ventures.
Watch: Forbes: US needs to make it clear to North Korea 'We will shoot your missiles down'