Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
All trains traveling in and out of New York Penn Station have been halted because of an Amtrak overhead wire issue, New Jersey Transit said Wednesday.Transportationread more
This just might be Fed Chair Jerome Powell's toughest meeting yet because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.Investingread more
Singer Ed Sheeran is on track to break the record for the highest-grossing concert tour ever, The Wall Street Journal reported Wednesday.Entertainmentread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering with Grand Rounds, a start-up that sells into the employer channel, to make it...Technologyread more
But it's still unclear when the currently stalled trade negotiations between the two economic superpowers will restart, Lighthizer said.Politicsread more
President Donald Trump is expected on Friday to eliminate a program protecting young people brought to the United States illegally as children from being deported — a move that's drawing fierce criticism from the tech industry.
The program in question is called Deferred Action for Childhood Arrivals, and since it was implemented under former President Barack Obama, more than 800,000 so-called Dreamers have been allowed to stay in the country by obtaining renewable work permits.
But Trump pledged on the campaign trail to scrap the Obama-era initiative. Even after promising in recent months to treat Dreamers with "great heart," he has weighed ways to end the program, known by its acronym DACA, according to numerous reports this week. Early details suggest Trump's announcement Friday would allow Dreamers to stay in the United States until their work permits run out. Under the existing program, permits must be renewed every two years.
More from Recode:
Once again, Trump risks open warfare with the tech industry, which has fiercely defended immigration programs — in no small part because of the high concentration of foreign workers and families in tech hubs like Silicon Valley.
, for one, implored Trump on Thursday to reconsider his plan, noting that at least 27 of its employees — from engineers to financial professionals — could be affected by changes targeting the Dreamers.
"Ending DACA will drastically disrupt the lives of these individuals who willingly came forward to register with the federal government. They could lose their jobs and risk deportation," Brad Smith, the company's president and chief legal officer, explained in a blog post.
It's merely the latest spat between Trump and tech on immigration: Amazon, Facebook and Google have clashed with the president as he has sought to bar some foreign refugees, reduce legal immigration and rethink high-skilled foreign worker programs. Some, like Apple CEO Tim Cook, have specifically expressed to Trump directly their desire to see DACA kept intact.
The expected announcement Friday comes amid the threat of a looming lawsuit from 10 state attorneys general, led by Texas, who oppose DACA — and said they would take Trump to court if he hadn't canceled it by Sept. 5.
—By Tony Romm, Re/code.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.