Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
Investors are holding out hope that Fed Chair Jerome Powell lays the groundwork for a rate cut as soon as July. Even just one this year would be a mistake, says Amanda Agati,...Trading Nationread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Luckin's opportunity in China is "one of the world's greatest retail growth opportunities," according to KeyBanc Capital Markets.Investingread more
President Donald Trump sticking with his opposition to AT&T's merger with Time Warner, in spite of his personal lawyer receiving consulting fees from the telecom giant, represents "the definition of draining the swamp," the White House said Friday.
AT&T said it paid $600,000 to the company, Essential Consultants, in monthly installments as part of a year-long contract. Novartis said it paid Essential Consultants $1.2 million over the course of a year for guidance on the Trump administration's health-care stance — although Cohen was "unable to provide the services that Novartis had anticipated."
Both companies have said they made a mistake working with Essential Consultants.
Asked if Trump, too, believed it was a mistake for his personal attorney to work with these companies, press secretary Sarah Huckabee Sanders said it only proved the president's mettle.
"I think this further proves that the president is not going to be influenced by special interests," Sanders said. "This is actually the definition of draining the swamp, something the president talked about repeatedly during the campaign."
Pressed on how corporate spending to the president's personal lawyer, specifically for insights into the president, constituted "draining the swamp," Sanders referred to the proposed merger between AT&T and Time Warner that was opposed in a lawsuit by Trump's Justice Department in November.
"I think it's pretty clear that the Department of Justice opposed the merger, and so certainly the president has not been influenced by any, or his administration influenced by any outside special interests," Sanders said.
The relationship between the Cohen and the corporations was publicly revealed Tuesday in an explosive report by lawyer Michael Avenatti, whose client, porn star Stormy Daniels, is suing Cohen and the president to void a nondisclosure agreement barring her from discussing an alleged tryst with Trump.
Cohen used Essential Consultants to pay Daniels $130,000 in October 2016 as part of the hush agreement.
Lawyers for Cohen responded to Avenatti's report on Wednesday, saying it contained "numerous inaccurate statements. " Avenatti, in turn, said 99 percent of what he reported was accurate.