The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The White House is reportedly working on a memorandum for President Donald Trump to sign that would direct government agencies to "thoroughly investigate" big tech companies like Google and Facebook, Bloomberg News reported on Saturday, who have fended off accusations of political bias against conservatives.
A draft of that executive order, seen by Bloomberg, is in its preliminary stages and hasn't yet been run past other government agencies, a White House official told the publication. It also does not mention any specific companies.
Its current language would direct federal agencies to give recommendations ways to "protect competition among online platforms and address online platform bias" within a month after being signed, according to the report.
However, the White House distanced itself from Bloomberg's report in a statement to CNBC. Aides told The Washington Post on Saturday they didn't know where the memo came from. They also cast doubt on whether it had been vetted through normal policy channels.
"Although the White House is concerned about the conduct of online platforms and their impact on society, this document is not the result of an official White House policymaking process," deputy White House press secretary Lindsay Walters told CNBC in an emailed statement.
Business Insider also published the full leaked document Saturday. The text instructs the government agencies to "promote competition and ensure that no online platform exercises market power in a way that harms consumers, including through the exercise of bias."
Republican lawmakers and right-wing groups have long questioned whether social media giants like Twitter, Facebook and Google are guilty of an anti-conservative bias, and promoting Democratic or progressive political views.
Trump himself has levied those accusations repeatedly, which reached a crescendo when Twitter was hit by accusations of "shadow banning" right-leaning voices on its platform.