Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
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Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
South Korea will scrap an intelligence-sharing pact with Japan amid an intensifying dispute over history and trade, South Korea's presidential office said on Thursday.Asia Politicsread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Top White House economic advisor Gary Cohn drew a line in the sand on corporate taxes Thursday, saying the Trump administration's 20 percent proposal is non-negotiable.
In a CNBC interview a day after the GOP presented its sweeping tax reform plan, Cohn said the administration would have "loved" to have gone lower than 20 percent. The current corporate tax rate is 35 percent.
"The lower we go, we think the more attractive the United States becomes," said Cohn, director of the National Economic Council.
"We would have liked to start lower and given ourselves some negotiating room. We are at 20. Twenty is a bright-line test for us. The president said it. He said it yesterday and he's been very clear about it," Cohn added in a "Squawk Box " interview. "We told [Congress] that if we start at 20, we're ending at 20, and there's no room to negotiate then."
Cohn was one of the "Big Six" Republicans who worked on the overhaul.
President Donald Trump said his tax plan was aimed at helping American workers, creating jobs and making the tax code simpler and fairer. Still, the plan was met with some skepticism about how it would all be paid for.
Cohn told CNBC the proposed tax cuts will be paid for entirely through economic growth and would not increase the budget deficit.
The tax plan also would collapse the current seven personal tax brackets to just three: 12, 25 and 35 percent and nearly doubles the standard deduction.
"We've given the tax writers both in the Senate and the House the ability to put in a fourth rate if they need it to make the process work," Cohn said. "At the end of the day this is about making the process work and growing the economy."