Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
New York's highest court on Thursday denied President Donald Trump's attempt to put the brakes on a defamation suit from former "Apprentice" contestant Summer Zervos.
The decision by the New York Court of Appeals marks another failed bid from Trump to halt or delay the lawsuit brought by Zervos.
"This is now the third time the courts have rejected defendant's effort to block the progress of this case," said Zervos' lawyer, Mariann Wang, in a statement to CNBC. "We look forward to continuing the discovery process and exposing the truth."
Zervos, a former contestant on Trump's reality television show, claims Trump groped her. She filed the defamation suit after Trump accused her of lying.
In March, New York State Judge Jennifer Schecter denied Trump's request to dismiss that lawsuit outright. Schecter rejected the argument from Trump's lawyers that a sitting president could not be sued in state court.
Trump's lawyers appealed the decision in April and had asked a lower court to delay the case. When that request for a delay was denied, Trump's lawyers asked the higher appeals court to grant the request to put the case on hold.
"On the court's own motion, appeal dismissed, without costs, upon the ground that the order appealed from does not finally determine the action within the meaning of the constitution," the court said in its decision on Thursday.
The office of Trump's lawyer, Marc Kasowitz, said the Court of Appeals' decision was made "on purely procedural grounds" and did not address the merits of the case.
"The Court of Appeals did not address the merits of the issue at stake here," a spokesperson for Kasowitz's office said. "[...] Namely, that, under the Supremacy Clause of the U.S. Constitution, state courts do not have jurisdiction over a sitting President."
Trump has also denied claims of sexual misconduct brought by other women during the 2016 presidential campaign.