Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread 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
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
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
That's $23.5 billion down from the $267.2 billion it posted in the March quarter, when Apple announced a $100 billion buyback program and a 16 percent dividend increase.
Apple has long been building up its cash hoard, spurring M&A speculation and calls for greater investment. But the hardware giant has recently upped spending, focusing on original content, emerging markets and U.S. job creation.
Apple said in January it would contribute $350 billion to the U.S. economy over the next 5 years with funds freed up by recent tax adjustments. It's also shelled out for its content studio, signing producers and celebrities like media mogul Oprah Winfrey.
--CNBC's Chloe Aiello contributed to this report.