Nineteen billionaires release a letter asking the 2020 presidential candidates to support a tax on America's richest families.Economyread more
The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Sen. Bernie Sanders will announce a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the...Personal Financeread more
Shares of Ulta Beauty and Sally Beauty dropped on Monday after Amazon launched its own beauty store for professionals.Marketsread more
Goldman Sachs says there's still life left in value investing, especially with the Federal Reserve set to cut rates again.Marketsread more
McDonald's says it gained market share in the informal-eating-out category for the first time in five years, thanks to its nationwide launch of fresh beef.Restaurantsread more
Six women are running for president. Five of them are career politicians. Then there's Oprah-approved self-help guru Marianne Williamson.2020 Electionsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
As candidates from Elizabeth Warren and Bernie Sanders to John Delaney jockey for position in the 2020 Democratic primary, business issues will come up in the first debates.2020 Electionsread more
The brokerage says that the globe is "one step away" from recession as the world's two largest economies head to the G-20 summit.Marketsread more
President Trump issues an executive order that would pressure insurers, doctors and other providers to disclose more information about health-care prices.Health and Scienceread more
The investing and philanthropic arm of Laurene Powell Jobs is purchasing what is believed to be its first-ever political ads on TV, according to advertising placement records seen by Recode.
Emerson Collective, Powell Jobs's vehicle for activism and investments, will begin a flight of spots on Wednesday in the television markets of Denver, Colo.; Louisville, Ky.; Raleigh, N.C.; Las Vegas, Nev.; and Milwaukee, Wis., according to the records. The 30-second spots will run until next Tuesday, and only tens of thousands of dollars of ad spending appear to be behind them. They were placed by Democratic media firm GMMB.
Emerson did not immediately respond to a request for comment. But the placements come on the same day that Powell Jobs, a large Democratic donor, lambasted the Trump administration for rescinding the DACA program that protected young immigrants who arrived in the United States without proper papers.
More from Recode:
"Is there anything more heartless and less intelligent that our government could do?" Powell Jobs wrote. "Is our common humanity so frayed in this country that we cannot agree even about the children?"
In recent years, political donors have begun launching their own shadow organizations, choosing to operate their own outside groups rather than merely fund them.
Powell Jobs, who is among the fiercest defenders of DACA, appeared with Sen. Kamala Harris at the Code Conference in May, who had met with President Trump about the program.
She recalled at the conference that Trump was "engaged in our meeting" — but also said deportations had risen noticeably since he arrived in the White House. At their discussion, the president communicated that he is the "only one" who could bring about comprehensive immigration reform. "So let's see it done in a humane and viable and thoughtful way," Powell Jobs said.
—By Theodore Schleifer, Recode.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.