US health secretary says his agency has the power to eliminate drug rebates to lower costs
U.S. Health and Human Services Secretary Alex Azar said it was within his agency’s power to eliminate rebates on prescription drug purchases, a key element of the Trump administration’s plan to lower prescription medicine costs. Such rebates are negotiated in...
A top Republican urges Medicare, Social Security reform as deficits surge following the GOP tax cut
Rep. Steve Stivers , R-Ohio, has the toughest job in politics right now: trying to stop a Democratic “blue wave” at the polls this fall. Stivers, chairman of the National Republican Congressional Committee, sat down to talk to CNBC’s John...
US businesses warn Trump the next China tariffs are going to cost Americans from cradle to grave
A broad cross-section of U.S. businesses has a message for the Trump administration: new tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to coffins. Six...
Markets Range Bound; US-China Trade Talk, Brexit and German-Italian Spread to Watch
The forex markets are rather quiet today with major pairs and crosses bounded in Friday’s range. It’s back to business as usual for a Monday, without any surprise. For now, Swiss Franc is trading as the strongest, followed by Dollar....
Trump is the unsung hero of the world economy
Washington’s huge fiscal and monetary stimuli will give the world economy an estimated $600 billion shot in the arm this year. That amount represents the difference between the expected U.S. purchases and sales of goods and services in world trade....
Twitter CEO Dorsey says platform is ‘ready to question everything’ amid banning controversies
Twitter CEO Jack Dorsey believes he has not been transparent enough about his goals for the company, even as it reviews its policies on disciplining users for violating the platform’s rules. The leader of the social media giant said in...
National security advisor John Bolton warns Russia is 1 of 4 countries tied to US election meddling
National Security Advisor John Bolton said on Sunday that the U.S. government is not just worried about Russian interference in the 2018 midterm elections, but efforts from China, Iran and North Korea as well. With Russia’s actions in the 2016...
Why crypto investors might want to think twice about giving out their phone numbers
It’s a familiar scenario. You forget a password to a website or log in from a new computer, and get locked out of your account. The website or your bank sends a text to confirm it’s you. Most of the...
Trade War Back as Main Theme as Turkish Crisis Eased, US and China to Meet
The forex markets turned into consolidative mode last week as Dollar and Yen lost momentum. Turkish currency crisis hit a climax on Monday but worries eased after the government’s measures were well taken by investors. The fear of extra sanctions...
Borrowers are flocking to a new type of ‘clinic’ to help get a clean bill of financial health
When Lisa Mulhall raised her hand at the recent student debt clinic in Woodbury, New York, she had no idea that she was about to hear something that would change the rest of her life. The fifth-grade teacher, who is...
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