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
After the tax plan received passage on Capitol Hill, AT&T and Comcast announced they would give $1,000 bonuses to thousands of U.S. employees. Other companies lined up with their own announcements: Fifth Third Bancorp said it will also hand out employee bonuses and raise the minimum wage, while Wells Fargo announced it is raising its minimum wage.
Still, it's wrong to assume Republican tax reform will create jobs and higher wages, Schumer's office wrote in a statement released Wednesday.
AT&T "is the exception, not the rule, when it comes to the biggest corporations spending their windfall," the statement said. "Over the past several weeks, major companies have announced an astonishing $83.7 billion in share buybacks, anticipating the passage of tax reform."
Since the start of the month, at least 32 U.S. companies have announced share buybacks of $100 million or more, according to the statement.
"There is a reason so few executives have said the tax bill will lead to more jobs, investments, and higher wages — because it will actually lead to share buybacks, corporate bonuses, and dividends," Schumer's statement said.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC.