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
Bills before both the U.S. Senate and the House of Representatives would cut the corporate rate from the current 35 percent to 20 percent. President Donald Trump and other supporters of the tax cut bills say reducing corporate and other taxes would boost the U.S. economy by freeing up capital that would be invested in job-creating industries.
But Cuban said the tax rate had zero impact on decisions whether to invest in small businesses, as he does through the reality show "Shark Tank, " and almost no effect on decisions for his own lineup of tech and entertainment companies.
"Competition drives what I do in my businesses a whole lot more than tax rates," Cuban told a Reuters Newsmaker forum entitled "The Trump Budget Debate" and moderated by Reuters Editor-at-Large Harry Evans.
Economists who joined Cuban on the panel also disputed the traditional conservative or supply side argument behind tax cuts.
Alan Blinder, a Democrat and former vice chair of the Federal Reserve's board of governors, said data going back decades have failed to show a correlation between tax rates and subsequent growth.
Mark Zandi, a Democrat and chief economist at Moody's Analytics, said "taxes matter" and that well-constructed tax policy can improve long-term growth but not nearly as much as the assumptions made by the Trump administration. In any case, Zandi said, the House and Senate proposals were "very bad tax policy."
Dambisa Moyo, a Zambian-born global economist, said technology, demographic shifts such as immigration, and debt have far more impact than do taxes on growth.
Cuban argued that the best tax cut to spur growth would be employment tax reduction such as the 2-percentage-point payroll tax reduction that former President Barack Obama signed in 2010. Employment taxes are paid both by workers, via withholdings from their wages, and by employers.
Cuban, 59, a onetime supporter of Trump who later endorsed Democrat Hillary Clinton in the 2016 presidential campaign, has told interviewers since early October that he is considering his own presidential run in 2020.
Asked about it by a member of the audience on Wednesday, he responded, "I don't know yet. "It's a serious decision and it's not one I have to make today," Cuban said.