Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
Stocks in Asia Pacific edged up in Friday morning trade as a series of developments overnight on the U.S.-China trade front dampened hopes.Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
Asian cities are on the rise and are dominant in the Fintech space.Financeread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
Corporate leaders can disagree with President Donald Trump's comments regarding Saturday's deadly white nationalist rally and can remain engaged in crafting policies to help businesses, Southern Company chief Tom Fanning told CNBC.
The notion that CEOs can't do both is "a little bit of a false choice," the energy company chairman and CEO said Wednesday on "Squawk Box" amid the uproar from the president's reaction to the weekend clashes between white supremacists and counterprotesters in Charlottesville, Virginia. A 32-year-old woman was killed Saturday when a car driven by a suspected white supremacist plowed into a group of counterprotesters, authorities said.
On Tuesday, AFL-CIO President Richard Trumka, union colleague Thea Lee, and the president of the Alliance for American Manufacturing, Scott Paul, resigned from Trump's manufacturing council. A day earlier, Merck CEO Ken Frazier, Intel CEO Brian Krzanich and Under Armour CEO Kevin Plank announced their departures.
"You can certainly look at the events in Charlottesville and say, 'That was awful. That's not good for America in any circumstance," Fanning said. "And at the same time, they can remain engaged in the big issues of the day and make sure business plays an appropriate role — action not rhetoric — to make America better, to drive the economy forward."
At a chaotic news conference Tuesday, the president angrily doubled down on his original comments about the Charlottesville mayhem, blaming both sides. On Monday, a measured Trump had walked back his weekend "two sides" remark, which sparked national outrage, and blamed the KKK, neo-Nazis, white supremacists and other hate groups.
Fanning declined to say what he thinks personally about Trump's comments. "I don't think that's productive ... me commenting on his comments. What's productive for me is to keep my eye on the ball. And that is energy policy and national security ... and things related the economy."
"I don't engage on the big, broad meetings" with the White House, Fanning said. "I engage in a smaller scale, private setting" on the issues important to the power and energy giant Southern Company, which has a market value of $48.9 billion.
"I'm not interested in punks, thugs, and criminals," said Fanning. "I know what we stand for. I know what America stands for. We get that. Now let's get back to business."