Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.Market Insiderread more
In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.Executive Compensationread more
The former cellmate's lawyer, Bruce Barket, told NBC that officials at the jailhouse said in an email that Tartaglione would face no charges or internal discipline now that...Politicsread more
Roger Stone and the Department of Justice have been sparring for a month over whether jurors can be shown a 4-minute-and-20-second clip from the film.Politicsread more
As part of his new proposal to combat hate and violence, O'Rourke wants to make social media companies liable for users' hateful content.Technologyread 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.