Health-care companies claim they are not threatened by Amazon's potential foray into the space. A recent lawsuit suggests otherwise.Technologyread more
It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social Capital.Technologyread more
The road to the Fed's policy pivot to lower interest rates began in early May, with a tweet from President Trump on trade.Market Insiderread more
See which stocks are posting big moves after the bell on June 20.Market Insiderread more
Chairman Jerry Nadler, D-N.Y., said in a statement that lawyers for the Trump administration blocked Hicks from answering questions 155 times during the Wednesday hearing.Politicsread more
Jim Cramer says "you'll want to keep some powder dry so you can buy into weakness and get some real bargains."Mad Money with Jim Cramerread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
President Donald Trump's decision last year to fire FBI Director James Comey does not require any justification, the White House said on Thursday, because the president has the authority to hire and fire whomever he wants.
The comment from press secretary Sarah Huckabee Sanders came in response to the latest justification to emerge from within Trump's inner circle, almost exactly a year after Trump made the fateful decision that triggered the appointment of special counsel Robert Mueller.
Trump's friend and lawyer Rudy Giuliani told Fox News host Sean Hannity on Wednesday night that Comey was fired because he refused to publicly announce that the president was not under investigation in the Russia probe.
Asked about Giuliani's comments, Sanders dodged the question.
"There are a number of reasons why James Comey was fired. The president has named several of them," she said. "But the bottom line is he doesn't have to justify his decision. The president has the authority to fire and hire, and I think that every single day, we've seen that he made the right decision in firing James Comey."
Pressed by reporters, Sanders snapped that Comey was fired, "for lying, leaking and politicizing the FBI," before adding, "The president has repeatedly been proven to be exactly right in his decision to fire James Comey."
The exchange underscored the fact that nearly a full year after Comey was dismissed, the White House still lacks a cohesive explanation of what was behind Trump's decision. That question is now at the center of a far-reaching probe into whether or not Trump committed obstruction of justice by firing Comey, who was overseeing what was then an FBI investigation into potential Russian meddling in the 2016 election.
Giuliani's interview Wednesday night marked the first time that a member of Trump's inner circle blamed Comey's firing primarily on his refusal to publicly exonerate the president in the Russia probe.
"He fired Comey because Comey would not — among other things — say that he wasn't a target of the investigation," said Giuliani, "even though he had done the same thing for Hillary. So you can't blame the president for feeling, 'I am not being treated the same way they were.'"
A few days after Comey was fired, Trump said in a televised interview that he was thinking about the Russia probe when he decided to terminate the FBI director.
"When I decided to just do it, I said to myself, I said, 'You know, this Russia thing with Trump and Russia is a made-up story," he told NBC News' Lester Holt.
This reason was at sharp odds with the official White House line, which said that Comey had been fired for mishandling a 2016 investigation into Trump's opponent, Hillary Clinton.
Comey later told investigators that Trump asked him to drop an ongoing FBI investigation of National Security Advisor Mike Flynn, whom Trump fired just weeks after he was inaugurated. Comey also said that Trump demanded a pledge of loyalty from the FBI director.
When Comey refused Trump's requests, their relationship soured, according to Comey. Trump has denied the former FBI boss's accounts.
Giuliani recently joined Trump's legal team, tasked with negotiating a potential interview between Trump and special counsel Robert Mueller.