House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
Microsoft beat on top and bottom lines but Azure growth slowed.Technologyread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Stocks rose after comments from a top Fed official led to bets that the central bank will ease monetary policy more aggressively.US Marketsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
The fact that interest rates are relatively low makes the idea of a so-called insurance rate cut later this month an attractive option for the Fed.Market Insiderread more
Video of the event does not show the president disagreeing with his supporters. Instead, it shows that Trump paused as the chant began, allowing his supporters to continue...Politicsread more
President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.Technologyread more
Business advocacy organizations sharply criticized the House of Representatives for passing a bill to raise the minimum wage to $15, saying it would be a costly job killer.Politicsread more
Wealthy clients liquidate some investments every year to cover their tax bill, so presumably this was higher than what Morgan Stanley has seen previously.Financeread more
Joe Biden, former vice president and 2020 Democratic presidential hopeful, said Friday he would bring back the individual mandate, the penalty for not having health insurance, which was a pillar of the Affordable Care Act.
"Yes, I'd bring back the individual mandate," Biden said in an interview on CNN. The individual mandate would be popular now, "compared to what's being offered," he added.
Biden played an integral part in crafting the ACA, commonly known as Obamacare. However, President Donald Trump eliminated the individual mandate in 2017 by signing the Republican tax bill, effective the 2019 tax year.
Nearly all of the Democratic presidential hopefuls support some kind of government health-care plan. While he does not support of "Medicare for All," Biden said people should have the option to buy into Medicare if they want it.
"If you provide an option for anybody who in fact wants to buy into Medicare for All, they can buy in," the Democratic presidential front-runner said.
Biden also took a nuanced approach Friday, saying he supports providing emergency health care for undocumented immigrants in the U.S.
"I think undocumented people need to have a means by which they can be covered when they're sick," Biden said. "In an emergency, they should have health care."
At last week's Democratic presidential debate, all 10 of the hopefuls on stage, including Biden, Sens. Bernie Sanders, Kamala Harris and Kirsten Gillibrand, raised their hands in support of care for people in the country illegally.
Biden on CNN was threading the needle on the issue, talking about taking care of the health needs of undocumented immigrants in emergencies. "How do you say, 'You're undocumented. You're going to die, man.'"
Providing wide access to health care would prove to be contentious, with many polls saying Americans do not support coverage for undocumented immigrants.
The 2010 Affordable Care Act, which passed when Biden was former President Barack Obama's vice president, largely excluded the undocumented from buying into U.S. health-care programs.
After the debate, President Donald Trump tweeted against the move.
"All Democrats just raised their hands for giving millions of illegal aliens unlimited healthcare," Trump said. "How about taking care of American Citizens first!? That's the end of that race!"
However, Trump's rhetoric was not surprising to Biden. "This is part of what Trump is playing on," he said, playing on people's fears of having open borders and people flowing into the U.S.
Biden said providing health care to people who are sick "is just common decency."