The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
In a statement Monday, Barr named Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
Lobbying disclosure reports show that Maria Ressa, who founded news website Rappler Inc. in the Philippines, has tapped two partners out of Covington & Burling to help her...Politicsread more
O'Neill announced in a media gathering at police headquarters Monday that Pantaleo "can no longer effectively serve as a New York City police officer."Politicsread more
The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions to its benchmark rate.Marketsread more
Billionaire investor Marc Lasry told CNBC on Thursday that he should've bought bitcoin when it was at $300 just a couple years ago.
The cryptocurrency, which began 2017 below $1,000 per unit, blasted through $19,000 on Thursday, in a two-day wild ride, on Coinbase, a main trading platform.
But Lasry said on "Squawk on the Street" that he took another look around the $9,000-$10,000 level just a few weeks ago.
"I wanted to start buying it personally," said Lasry. "Then I was like ... 'I'll just wait for it to take a little dip.' And it hasn't taken a dip. ... I should have bought that thing."
The rapid advances have prompted some market participants to warn of a bubble.
"Look, I don't understand it," Lasry admitted. "I just sort of looked at it and said it seems like a new currency is being created."
"The reason you're seeing this huge run-up over the course of the last couple of weeks is ... it's coming into the mainstream," he added.
Lasry's day job is running the distressed debt investment firm that he helped start, Avenue Capital Group, which has about $9.8 billion in assets under management.
He also owns a stake in the NBA's Milwaukee Bucks.