Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
President Donald Trump and his fellow Republicans are calling for sweeping changes to the tax code, and FedEx CEO Fred Smith told CNBC on Wednesday he's "optimistic" it will happen.
The GOP proposal, unveiled Wednesday, would lower the corporate tax rate from 35 percent to 20 percent. It also calls for reducing the rate for so-called pass-through businesses, which are currently taxed under the individual code, to 25 percent.
"It's got to be changed for U.S. competitiveness and to incent[ivize] investment in the United States because that's the only way you get blue collar wages up," he said.
A tax cut would spur FedEx to increase its investments, he said.
"We put a lot of money into the business … to invest for the future. We bought a lot of shares back. We steadily increased our dividends," Smith said. "We've been able to increase our wages every year. So a tax decrease would allow us to do all of those things at greater scale."
However, the company is not factoring any tax reform into its guidance until after the legislation is signed into law "and maybe wait for a day after that just to make sure it wasn't a trick."
As for critics who say that many businesses don't pay such high rates thanks to various deductions, Smith said the GOP plan would level the playing field. For example, a tech company may be able to use various tax jurisdictions to get a low rate, but his industrial transportation and logistics company pays 34 percent, he said.
"One of the things that this tax reform package does is eliminate many, many deductions in order to have a more uniform albeit lower statutory rate of 20 percent," he said.
On the individual side, the Republican proposal calls for collapsing the current seven personal tax brackets to three: 12, 25 and 35 percent, and nearly doubles the standard deduction.
However, there is not much detail on how to pay for the plan.
—CNBC's Ylan Mui contributed to this report.