Spearheaded by House Finance Chair Rep. Jeb Hensarling (R-TX), the Choice Act begins by throwing out much of the banking oversight passed under President Obama’s administration, mostly through the Dodd-Frank act signed in 2010. “There’s a bunch of very radical stuff in this bill, and it goes way beyond repealing Dodd-Frank.” Trump ran on slammingWall Street for “getting away with murder” and arguing that Goldman Sachs had “bled our country dry.” The Choice Act would also gut the Consumer Financi

So, you have your own startup idea you can’t get it out of your mind. During InnovFest unbound, an event in Singapore that connects startups with corporates, CNBC asked three entrepreneurs who built their own businesses how they got started. “I think everybody should do a startup,” Rodrigues added. Whether you do it when you’re out of school or when you’re 40 years old, you’re never too late. However, he warned that if you don’t have your own idea that excites you, then it’s best to go into a co

Veteran strategist Edward Yardeni, who holds a Ph.D. in economics, says the stock market is suffering from an ‘anxiety’ disorder. I’ve counted 57 anxiety attacks for the market … in an outright correction of 10 percent or more.” Even though he believes tax cuts will become a reality, he doesn’t believe a lack of tax cuts would trigger a correction. “It’s not like we desperately need tax cuts to make the U.S. economy work. It’s working awfully well, with low unemployment, and earnings are at al

These could be Macron’s most pressing challenges 16 Hours Ago | 03:34Emmanuel Macron has fought off populist opponent Marine Le Pen and won the race to become France’s next president. Macron’s win signals a victory for both pro-Europeans and pollsters, who correctly predicted his lead. CNBC takes a look at the En Marche (translated as “onwards”) party leader’s next steps towards the Elysee Palace. Macron will be inaugurated within the week, with many commentators suggesting May 11 as the most li

Ma says some of the most popular include meal delivery service Blue Apron and SoulCycle spin classes. A recent Bankrate survey found that cash and checks are still the most popular wedding gifts given in the Northeast and Midwest. She said wedding guests are enthusiastic about giving an experience over traditional items, and that people are looking for something modern to give, outside the literal gift box. Overall, the average amount a guest spends on a gift is $118, according to The Knot’s 201

The 143rd Kentucky Derby is expected to go down as one of the most difficult handicaps in many years. But beating the odds at Churchill Downs this Saturday is nothing new for the billionaire owners behind these magnificent thoroughbreds. The former polo player previously backed 2001 Kentucky Derby winner, Monarchos. UAE Derby winner Thunder Snow represents Godolphin Racing, owned by Dubai’s ruler, Sheikh Mohammed bin Rashid al Maktoum. The 143rd running of the Kentucky Derby is May 6th.

Crude is on track to double its price per barrel, according to one technician whose bold call had CNBC’s “Futures Now” traders scratching their heads this week. Crude saw its worst day in 2 months last week, plunging more than 4 percent alone on Thursday. The commodity also dipped below $46 a barrel for the first time since November 30 of last year, and is down more than 15 percent. But when you look at the new structure, the bottom is still around $30 a barrel. We think fair value is up around

The Vector Institute in Toronto has only been around for a few weeks, and it is already attracting top machine learning talent from Silicon Valley. Raquel Urtasun, co-founder of the Vector Institute, told CNBC. “Robotics, natural language, machine learning, deep learning, or what some call AI technology is our core focus,” said Urtasun. Many of the best people in deep learning and machine learning come from University of Toronto, following in the footsteps of deep learning pioneer Geoffrey Hinto

It is maddening, but perhaps fitting, that the final (and arguably most important) component of highly successful teams is the hardest to define. And it’s important to think about as you’re crafting teams and building high-performance relationships. How does your team measure up? We can’t do our jobs without the support and skills of the teams we build, join, and grow. And, that doesn’t just apply to our teams; it applies to our own leadership in equal measure.

One of Faye’s biggest tips is to make sure you’re prepared for the week ahead. “I am sure there’s lots of people out there that say, ‘Oh, the weekend should just be for relaxing and recharging. “It causes so much less stress during the course of the week that it’s worth the investment,” says Faye. “Personally, I love doing it at Friday at 4 o’clock, so I know exactly what I have to do,” she says. “And I can relax and enjoy my weekend so I’m very, very clear what happens Monday morning when I kic

The recent hiccups around the VanEck Vectors Junior Gold Miners ETF (GDXJ) have highlighted something few people talk about: what index managers actually do. In no particular order, here’s what goes right every day in a solid ETF shop — which nobody ever sees — and what could go horribly wrong. More from ETF.com:ETF picks from a top tactical managerDon’t choose an ETF based on fees aloneSocially responsible ETFs as dividend playsThe recent GDXJ stories are an example of a fund getting it right.

If you go shopping, chances are you’ll see Bobbi Brown — well, her name at least. Her eponymous makeup brand, which counted some $30 million in net sales last year, is in beauty stores across the country. And though Brown recently left the company she built after 25 years, she’s still very much a businesswoman. Brown: I just started thinking about what it meant to be a freelance makeup artist … I had no clue. I called up the makeup artist union and said, ‘Hi, I want to come and sign up.’

Bonding with your boss isn’t something most of us consider imperative to excelling at the office. And beyond being good for your career, a little office bonding is also important for your physical and mental health. One study even linked a bad relationship with your boss to an increased risk of heart disease. We have some strategic ways to do just that, straight from the horse’s mouth. Here are ten real-life strategies for forging a bond with your superiors at the office.

When Jay Leno was an unknown comedian, he used a clever money saving trick to stay afloat: He generated two incomes and made sure to bank the bigger one. In Leno’s case, that meant saving the money he earned working at a car dealership and spending the money he made doing comedy. “When I started to get a bit famous, the money I was making as a comedian was way more than the money I was making at the car dealership,” he tells CNBC, “so I would bank that and spend the car dealership money.” “When

Across America many small-business owners are cheering at the GOP win on repealing and replacing Obamacare. Health care has become an ongoing source of pain for many small-business owners. It was the top issue owners wanted Trump to address in a survey of 700 owners and prospective buyers in late February by BizBuy Sell, a marketplace for small businesses. The major reason: spiraling health insurance premiums — often a result of insurance companies fleeing the marketplace. Ross Coulter, 49, and

is poised to become a game changer for the health care sector, according to Steve Leonard, chief executive of SGInnovate, the government entity that supports entrepreneurs leading Singapore’s innovation efforts. But convincing doctors, clinicians, nurses, patients and other stakeholders to place their trust in self-thinking machines could be tricky. “That’s a double-edged sword because health care is a very tricky area,” Leonard told CNBC at the sideline of the Innovfest Unbound conference in Si

Wal-Mart Stores has applied for a patent to compete with Amazon.com’s wifi-connected, one-button ordering device, Amazon Dash, according to data provider CB Insights. The patent, filed in October, would be the first of Wal-Mart’s more than 800 patents and applications to focus on Internet of Things (IoT) and branches into shoppers’ homes, CB Insights said. Wal-Mart’s system would require less effort than Amazon’s, a CB Insights blog post said. “While Dash buttons still require users to press a p

The U.S. Department of Justice has begun a criminal investigation into Uber Technologies’ use of a software tool that helped its drivers evade local transportation regulators, two sources familiar with the situation said. Uber has acknowledged the software, known as ” Greyball ,” helped it identify and circumvent government officials who were trying to clamp down on Uber in areas where its service had not yet been approved, such as Portland, Oregon. The Times report triggered a barrage of negati

Billionaire Warren Buffett told CNBC he understands why Apple’s iPhone sales were weaker in the latest quarter and said he remains confident in the tech giant’s stock. Lower-than-expected revenue on weak iPhone sales was a major focus when Apple reported second-quarter results on Tuesday. Apple CEO Tim Cook blamed the iPhone stumble on consumers holding back on their purchases on rumors of what the next generation device may offer. “If I like buying the stock myself, I like the company buying it

Facebook Inc’s virtual reality content production unit, Oculus’ Story Studio, is shuttering its doors to shift focus on supporting external content makers, the company said on Thursday, two years after the in-house studio launched. Oculus, which makes virtual reality headsets Rift and Gear VR, will allocate $50 million to directly fund creators of non-gaming VR content, Jason Rubin, the company’s vice president of content, said in a blog post. Rubin added that Oculus is “still absolutely committ