Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
With uncertainty keeping a lid on U.S. stocks, Ed Clissold of Ned Davis Research says the rest of 2019 is likely to be a "choppy," but somewhat opportunistic, ride for...Futures Nowread more
It's time to rescind the benefit of the doubt for President Donald Trump, said the CEO and chairman of The Peebles Corporation.
"I'm disappointed in myself that I actually kept an open mind, because at the end of the day, he told us what he was going to do," CEO Don Peebles said Wednesday on CNBC's "Power Lunch. "
Trump's unwillingness to categorically denounce racism and anti-Semitism following a violent clash in Charlottesville, Virginia, on Saturday was "astonishing," Peebles said.
"When it comes to racism and anti-Semitism and fairness, you can't walk a gray line," he said.
Trump received intense bipartisan criticism after failing to name and disavow the racist groups in his initial statement, and for appearing to equate those people with counterprotesters who also showed up.
"We condemn in the strongest possible terms this egregious display of hatred, bigotry and violence — on many sides, on many sides," Trump said on Saturday.
Peebles rejected the argument that Trump, in a follow-up statement on Monday, did condemn the white supremacists, KKK members and neo-Nazis who organized and attended the protests.
"What's missing is the fact that he did not stand up and emphatically say that these people have no place in this country, and they have no place in his administration and he does not have their support," Peebles said.
A car allegedly driven by a suspected white nationalist rammed into counterprotesters in Charlottesville, killing one woman and injuring 19 others.
On Tuesday, in a freewheeling news conference that quickly drifted away from the planned subject of infrastructure, Trump defended his initial statement and said that the weekend protests included "very fine people on both sides."
"He did not articulate compassion for the young woman who lost her life," Peebles said. "He talked about himself and how her mother complimented him. Because it's all about him, not about this nation. It never has been — with him — about this nation. It's been about him."
Peebles is far from the only CEO to break ranks with Trump over his response to the violence in Charlottesville. On Wednesday, the administration's Strategic and Policy Forum, comprising 17 CEOs, voluntarily disbanded in order to "condemn" Trump's remarks.
After the Strategic and Policy Forum dissolved, Trump announced on Twitter that he was "ending both" groups "rather than putting pressure on the businesspeople" in them.
Peebles said he had been cautiously optimistic about the president in the past that Trump's pro-business platform and experience could help minorities and women succeed in the economy but he could defend the president no longer.
"Our best days are ahead of us, and we always strive to be a more perfect nation," Peebles said, "and he clearly wants to take us back into a time where none of us want to be."