Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
A series of tweets Monday marked the latest chapter in Trump's decadeslong effort to refute published reports that his previous financial problems have rendered him an...Politicsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread more
From hiring parties to improved training, restaurants are thinking outside the box to attract and retain talent. A recent report from TDn2K, a restaurant analytics firm, found...Restaurantsread more
More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, Ugg and Off Broadway Shoe Warehouse, have penned a letter to the White House asking President...Retailread more
Microsoft on Monday announced new moderation for its Xbox platform in an effort to cut down on toxic content and to make gaming safer for everyone.Technologyread more
The finalists from the Council for Economic Education's National Economics Challenge will put their problem-solving skills to the test Monday in a high school economics...US Economyread more
Sen. Amy Klobuchar has joined the ranks of other Democratic 2020 presidential hopefuls who are rejecting campaign contributions from corporate political action committees, CNBC has learned.
In a brief statement first given to CNBC, campaign spokeswoman Carlie Waibel said the Minnesota lawmaker is walking away from corporate PAC money.
"The senator is not accepting contributions from corporate PACs during her campaign for president," Waibel said.
Klobuchar announced Sunday in Minneapolis that she is running for president. She later tweeted that she's not influenced by super PACs or lobbyists.
The move by Klobuchar to distance herself from PACs governed by corporations across the country comes as a wave of other Democrats running for president, including Sens. Kirsten Gillibrand and Elizabeth Warren, say that they too will not accept campaign donations from big businesses in an effort to appeal to grassroots voters.
Klobuchar has been no stranger to contributions from corporate PACs during her runs for Minnesota's Senate seat. In her 2018 re-election campaign, she raked in just under a quarter of her total haul from PACs, according to the nonpartisan Center for Responsive Politics. Of the $8 million Klobuchar raised in the last election cycle, $1.9 million came from PACs that represent industries ranging from agriculture to lobbying.
The decision to reject corporate donations is the latest move by Klobuchar to paint herself as someone who will stand up to the titans of industry.
At her snowy 2020 announcement, she made clear that one of her priorities is to regulate tech companies, such as Facebook, Google and Twitter.
"We need to put some digital rules into law when it comes to people's privacy. For too long the big tech companies have been telling you 'Don't worry! We've got your back!' while your identities are being stolen and your data is mined," Klobuchar said.