Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
Stocks fell on Friday as Wall Street parsed through a highly anticipated speech from Federal Reserve Chairman Jerome Powell.US Marketsread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
On Tuesday, Walmart filed suit against Tesla alleging its solar panels had caused fires in seven of its stores.Technologyread more
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.US Economyread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
At least three members of Facebook's Libra organization are considering leaving the operation due to intense regulatory scrutiny.Technologyread more
Google on Friday released a new set of community guidelines that are meant to crack down on what employees can say inside the company.Technologyread more
Emails between Facebook employees from 2015 illustrate early actions the company took to investigate third-party use of their data.Technologyread more
Andrew McCabe filed a lawsuit alleging that his removal was part of a scheme by President Donald Trump to remove government employees "because they were not politically loyal...Politicsread more
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
JPMorgan's Jamie Dimon and Amazon's Jeff Bezos are launching a joint health care venture together with Warren Buffett. But the two CEOs could have been in business much earlier had Dimon signed on to a job at Amazon.
"He was looking for a president and I flew to Amazon after I left Citi — was fired from Citi — and we had a great lunch," Dimon told CNBC's Wilfred Frost Monday. "I had this vision I'd never wear a suit again, I'd live in a house boat like Tom Hanks." (In the movie "Sleepless in Seattle.")
That was two decades ago, and according to Dimon, it wasn't the right time for a move.
"It was just a bridge too far for me to move my whole family to Seattle, at that age, at that time, to something I didn't fully understand, as opposed to I'd been in financial services my whole life," Dimon said.
Instead Dimon went on to become CEO of Bank One, and Bezos hired a former Black & Decker executive, Joseph Galli, as the company's first president and COO, according to a 1999 New York Times article.
CORRECTION: This story has been revised to correct that Jeff Bezos hired a president of Amazon in 1999.