Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
Tesla loses vice president of HR and head of diversity, Felicia Mayo, one of a few black woman executives to break Silicon Valley's glass ceiling.Technologyread more
Union Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.Mad Money with Jim Cramerread more
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
American Airlines pilots plan to tell lawmakers they are still concerned about fixes to grounded Boeing 737 Max planes.Airlinesread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
"I do expect our stock market to be hammered if nothing positive comes of this G-20 meeting ... the most likely outcome is nothing happens," Jim Cramer says.Mad Money with Jim Cramerread more
See which stocks are posting big moves after the bell on June 18.Market Insiderread more
ROME, May 31 (Reuters) - Italy's 5-Star Movement are in favour of hiking next year's budget deficit to cover the cost of lowering the tax burden by introducing a single tax rate, a senior 5-Star source said on Friday.
The so-called "flat tax" has become the top priority for the right-wing League which a recent vote for the European parliament turned into Italy's strongest party, surpassing coalition partner the 5-Star Movement.
"The League's proposal to finance the flat-tax via a higher deficit finds us in agreement," the source said.
"Even more so if, as we are hearing, (Economy Minister Giovanni) Tria shares this idea: we welcome a regime with an income tax rate of 15 percent for people earning up to 65,000 euros (a year)." (Reporting by Giuseppe Fonte, writing by Valentina Za)