Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not, as he has been one of her biggest critics on the Democratic side.2020 Electionsread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Check out the companies making headlines in midday trading:Market Insiderread more
Uber has laid off about 350 employees across several teams within the organization.Technologyread more
A passenger has complained to United Airlines after a fellow traveler was allowed to fly with a T-shirt that called for hanging journalists.Airlinesread more
"I fear that's what we're headed into" here in America, warns the former Treasury secretary.Economyread more
"But I expect we'll have a deal," Mnuchin tells CNBC.Politicsread more
Kohl's stores are getting a bit of a refresh, and are being infused with new brands, ahead of this holiday season.Retailread more
Online travel company Booking Holdings has dropped out of Facebook's libra, joining a growing list of firms that have exited the embattled cryptocurrency project.Technologyread more
A Chinese delegation led by Vice Premier Liu He could be sent before month's end to iron out phase one, a source tells CNBC's Kayla Tausche.Marketsread more
When President Donald Trump signed the GOP tax cut in December 2017, he said it would create "jobs, jobs, jobs." The $1.5 trillion plan took effect the next month, lowering the corporate tax rate from 35 percent to 21 percent.
The sweeping tax reform measures were supposed to spur corporations to reinvest those savings back into their own companies for research and capital expenditures such as new equipment, offices and factories.
That would create jobs and employment opportunities and allow companies to pay higher salaries.
Many businesses did spend more on internal projects, at least initially. But business investment slowed later in the year, as concerns about the economy grew.
At the same time, companies used their cash to buy back a record $1.1 trillion worth of their own shares. And that's drawn the ire of politicians on both sides of the aisle.
Democrats have proposed limiting buybacks unless companies raise their minimum wage to $15 and agree to other employee benefits. Republican Sen. Marco Rubio has suggested raising the capital gains rate to discourage buybacks.
SEC Commissioner Robert Jackson Jr. recently expressed his belief that most buybacks are better for executives than for shareholders. And that could give new momentum for the Securities and Exchange Commission to change the rules.