More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Warren's election reform proposal includes standardized federal election rules, increased federal oversight of elections, and a constitutional amendment guaranteeing voting...Politicsread more
Apple's iOS 13 is coming this fall, but you can already try it on your iPhone with the new public beta. Here are some of the best hidden features.Technologyread more
Even if the debate stage will be more crowded than ever, recent history shows they can reveal the candidates' skills and character - even if the two stand at odds.Politicsread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
On Friday, a lucky winner in Illinois took home the $393 million Mega Millions jackpot.
The winning numbers for Friday's drawing were 23, 33, 53, 56 and 58, plus Mega Ball 6. The $393 million jackpot was the fifth largest in the game's history, and the second largest awarded to a single ticket.
Of course, that lucky winner won't walk away with the full amount. If the winner opts to take the $247.3 million lump sum, lottery site USAMega.com estimates the federal tax withholding would be a little more than $61.8 million, with Illinois state taxes taking another $12.2 million. Those figures are just the amounts withheld up front; the final tax burden is likely to be even higher.
Would-be millionaires have another chance to win big in Saturday's Powerball drawing, which takes place at 10:59 p.m. ET.
At $356 million, the Powerball jackpot is the 14th largest in the game's history, and the 21st largest in U.S. lottery. Cracking the top 10 for Powerball would require the jackpot to exceed the $425.3 million prize the game awarded to a single winner in February 2014.
The estimated federal tax withholding on the $224 million lump sum would be $56 million, according to USAMega.com. State taxes would take up to another $19.8 million, with New York as the worst offender.