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The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
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Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
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In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
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NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Priscilla Chan, who co-founded the Chan Zuckerberg Initiative with her husband, Facebook CEO Mark Zuckerberg, is supporting higher taxes for the wealthy.
"For people who can afford it, paying higher taxes is not a bad thing," Chan said Friday at the South by Southwest conference in Austin, Texas. "We should be doing that."
Chan's comments came during an interview with CNN journalist Poppy Harlow, who asked Chan if she was in support of higher taxes for the wealthy. Harlow followed by asking Chan if she supported Rep. Alexandria Ocasio-Cortez's proposal for a 70 percent wealth tax.
"I don't know enough about her proposal, but I do think we should be thoughtful about how we can get more resources for these important systems," Chan responded.
During the session, Chan spoke about her organization's philanthropic initiatives in science, education and prison reform. Her comments come on the same day as 2020 presidential candidate Sen. Elizabeth Warren unveiled a new plan to break up large tech companies like Facebook and Amazon.