The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Donald Trump's Labor secretary, Alex Acosta, defended a 2007 deal with accused sex trafficker Jeffrey Epstein on Tuesday amid renewed scrutiny over his actions in the case.
"The crimes committed by Epstein are horrific, and I am pleased that NY prosecutors are moving forward with a case based on new evidence," Acosta, who was U.S. attorney in Miami at the time of the deal, wrote on Twitter.
"With the evidence available more than a decade ago, federal prosecutors insisted that Epstein go to jail, register as a sex offender and put the world on notice that he was a sexual predator," he wrote.
Acosta's comments come amid a flurry of demands from Democrats for his resignation, including from the two top Democrats in Congress.
New York prosecutors charged Epstein with trafficking dozens of underage girls on his properties in New York and Florida in an indictment unsealed Monday. He has pleaded not guilty and was ordered held without bail.
Acosta, who led the prosecution of Epstein for related crimes more than a decade ago, ultimately decided to bring no federal charges. Acosta did not disclose the deal to Epstein's alleged victims, in violation of the law, a judge ruled earlier this year. Epstein ultimately spent 13 months in jail, most of which was on work release.
Acosta's role in the deal was recently detailed by an investigative report in The Miami Herald, which characterized the non-prosecution agreement Epstein received as "the deal of a lifetime."
Senate Minority Leader Chuck Schumer of New York said on the floor of the Senate on Tuesday that it was "now impossible for anyone to have confidence in Secretary Acosta's ability to lead the Department of Labor. If he refuses to resign, President Trump should fire him."
The Department of Labor oversees federal programs that combat human trafficking.
Trump appears unlikely to seek Acosta's resignation or to fire him. The president told reporters on Tuesday that he felt badly for Acosta, and noted that a lot of people were involved in the decision not to prosecute him on federal charges.
"What I do know is that he's been a great, really great secretary of Labor. The rest of it, we'll have to look at. We'll have to look at it very carefully," Trump said.