Only 62 percent of Republican millionaires say they would vote to re-elect President Trump if the election were held today, the latest CNBC Millionaire Survey reveals.
Federal Reserve Chairman Jerome Powell has a high approval rating among corporate chief financial officers. The same can't be said of President Donald Trump or his trade advisors, according to the latest CNBC Global CFO Council.
US trade policy reemerged in the latest CNBC CFO survey as the top concern for chief financial officers. The White House may increase tariffs on most Chinese goods in January, and CFOs say the trade war will be a negative for their business in 2019.
Three-quarters of CFOs expect U.S. trade policy will negatively impact their companies in the coming month, according to the latest CNBC Global CFO Council survey. They are making contingency plans and moving operations as a heated trade war looms.
Boston Scientific is added to the CNBC IQ 100, an index weighted according to a company's intellectual property, which gives it a strategic advantage over competitors.
The CNBC Millionaire Survey finds less than half of America's millionaires think the economy will be stronger at the end of 2018 than it is today. The wealthy investor outlook on the S&P 500 index also has weakened significantly.
With a tit-for-tat trade war looming, CFOs from the world's largest firms are growing seriously concerned, according to the latest CNBC Global CFO Council survey.
Paying down debt and employee bonuses saw the biggest spending increases from corporations thanks to the Trump tax cuts.
Elon Musk's Boring Company plans to create mass transit tunnels under Los Angeles. Residents fear damaged homes and earthquakes, but Musk has the support of LA Mayor Eric Garcetti for this 'risk-taking' venture.