Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
The Chinese Ministry of Commerce maintained a firm stance against the U.S. during a weekly press conference on Thursday, less than two days ahead of a scheduled meeting...China Economyread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
The stock market is shrinking for several key reasons, but there's a way for investors to maneuver it, says Citi Research strategist Robert Buckland.Trading Nationread more
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating and a price target 15% below where the stock closed.Marketsread more
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Goldman Sachs Chief Executive Lloyd Blankfein invoked Abraham Lincoln in a social media post Monday morning that joins corporate America's growing backlash to the Trump administration.
Blankfein didn't mention the president by name in his tweet, but invoked Lincoln's words from an 1858 speech, "a house divided against itself cannot stand." In his own words, Blankfein added, "Isolate those who try to separate us. No equivalence w/ those who bring us together."
The tweet comes the same morning Merck CEO Kenneth Frazier resigned from President Donald Trump's American Manufacturing Council in protest of Trump's response to the weekend's white supremacist violence in Charlottesville, Virginia.
In his own tweet on Monday, Frazier wrote, "I feel a responsibility to take a stand against intolerance and extremism."
Members of both political parties as well as corporate America are taking to social media to condemn Trump's tepid response to the violence that led to three deaths over the weekend in Virginia.
Blankfein has publicly criticized actions by the administration before, posting his very first tweet in June that the U.S. withdrawal from the Paris climate-change accord was "a setback for the environment and for the U.S.'s leadership in the world." Other CEOs quit White House advisory councils in June after that decision, including Tesla's Elon Musk and Disney's Robert Iger.
The criticism of the administration's leadership potentially sets up an awkward dynamic. Several of Trump's top advisors are former Goldman executives, including Gary Cohn, Blankfein's former second-in-command who is now President Trump's top economic advisor as director of the National Economic Council.
Blankfein has a history of donating to both Democrats and Republicans, according to records by Open Secrets, including Hillary Clinton in 2007 and, more recently, GOP Sens. Roy Blunt and Richard Shelby. But last fall, the bank told high-ranking executives they couldn't donate to certain political campaigns in a policy that prevented support for the Trump-Pence ticket. (The policy banned giving to state officials who were seeking federal office, and Vice President Pence was Indiana's sitting governor. Clinton wasn't in office and her running mate was a senator from Virginia.)