In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead 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
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
The move could bring a welcome salve to farmers caught in the crosshairs of the trade war if it results in a reopening of the market.Politicsread more
The pilot program will deliver food and beverage, over-the-counter medications and other items within minutes, the company said. Prescription deliveries will not be available.Health and Scienceread more
Check out the companies making headlines in midday trading:Market Insiderread more
The FDA's Office of Criminal Investigations opened a probe "shortly after" people started falling ill, Mitch Zeller, director of the FDA's Center for Tobacco Products, told...Health and Scienceread more
Apple's big iOS 13 update for iPhones is out now and includes lots of new features. Here's how to install it on your phone and what devices are supported.Technologyread more
A prominent U.K. economist and former chairman of the country's financial regulator has split with his contemporaries by declaring that immigration was a "legitimate concern" in the Brexit vote last year, which he believes is now being overlooked in the current negotiations with the EU.
"I think that the most fundamental reason why the Brexit referendum passed was immigration. And I think that was a legitimate concern and in that sense I break away from many of my metropolitan, liberal friends in believing that there was a real issue there," Adair Turner, former Financial Services Authority chairman, told CNBC on the sidelines of the Ambrosetti Forum in Italy.
He added that the disappointing progress in Brexit talks was due to a lack of focus on this particular issue. "I don't think they're going all that well," Turner said about Brexit negotiations. "I think the trouble is that the negotiating stance of the U.K. is muddled; it doesn't simply focus on saying look we've got to get a greater degree of control, certainly of short-term immigration surges, we've got to be able to control immigration flows better and that's all that really matters."
As British and European officials concluded the third round of Brexit talks Thursday, it was clear that both sides have made little progress. The EU's chief negotiator Michael Barnier said the talks had failed to generate enough substance to head into a new phase – – which is due in October.
"I think we've allowed to get (the immigration argument) wrapped up with things that don't matter like the jurisdiction of the ECJ (European Court of Justice), which frankly is an issue people have been banging on like Bill Cash (a British politician) for years and do not matter to the vast majority of the British people," Turner, who is now the chairman of the Institute for New Economic Thinking, said.
"There's a lack of focus on what really matters." Turner added that the U.K. should seek to be as close as possible to membership of the EU's single market, where goods and services travel freely. However, he acknowledged that getting that is difficult given that to be part of the common market, EU law stipulates that there needs to be freedom of movement too.