"That's my view. They'll cut preemptively in June. That is to say Wednesday," says the Grant's Interest Rate Observer newsletter editor.Economyread more
Sotheby's announced Monday that it's signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
Google CEO Sundar Pichai said in a CNN interview that while the company will work to remove as much harmful content as possible, the company can't remove 100% of it.Technologyread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
In a rare downgrade for the stock, Imperial Capital lowered its rating for Disney to in-line from outperform and maintained its target price of $147.Investingread more
Atlassian is releasing a document that's meant to simplify the negotiation of terms for acquisitions. That way the buyer and seller can focus on more important topics, like...Technologyread more
Demand for air travel is growing so rapidly that 800,000 new pilots are expected to be needed over the next 20 years, according to Boeing's latest forecast.Paris Airshowread more
The top House tax writer said Tuesday that House and Senate Republicans will likely scrap Obamacare's individual mandate in their final tax bill.
"Yeah, I believe we will," House Ways and Means Committee Chairman Rep. Kevin Brady, R-Texas, said when asked if the joint plan would get rid of the provision requiring most Americans to have health insurance or pay a penalty.
Brady's statement appears to resolve one of the key differences between the separate tax legislation passed by the House and Senate. The Senate bill would effectively repeal the mandate, while the House proposal would not.
Brady is set to lead an expected conference committee, during which lawmakers from both chambers will try to strike a joint agreement. Brady discussed other potential sticking points in the plan during an interview on CNBC's "Squawk Box. "
The House has previously voted on its own to strike down the individual mandate.
Dropping it was initially considered politically perilous. Doing so would lead to 13 million more Americans uninsured over a decade and raise average health insurance premium prices by about 10 percent, according to estimates from the nonpartisan Congressional Budget Office.
Repealing the provision did not sink the Senate bill or alienate the three GOP senators who voted against Obamacare repeal earlier this year. Scrapping it helps Republicans to save money on a bill which, in earlier forms, would increase budget deficits by $1 trillion or more over a decade, according to the congressional scorekeeper Joint Committee on Taxation.
On Monday, House Majority Leader Kevin McCarthy also outlined where he stood on multiple possible sticking points for the bill.