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CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC.com's Jordan Novet breaks down why TikTok, which has found itself at the center of a geopolitical conflict, would be an attractive acquisition target for enterprise giant Microsoft. Plus, CNBC's Sharon Epperson explains how much money Americans say they need to retire during the coronavirus pandemic. Trump says Microsoft should pay 'key money' to Treasury for facilitating TikTok deal President Donald Trump said Monday that it could be easier if Microsoft were to buy Chinese-owned TikTok in its entirety, rather than a small part of the social video app, because the name would be split across two companies, and suggested the company should pay the U.S. Treasury as part of the deal. "I thi...

Parts of the cyclical trade could be prime for a comeback, says Wilmington Trust's Meghan Shue. With stocks closing at all-time highs after a record-making week, the narrow leadership from growth stocks may be an indicator of what's to come, the firm's head of investment strategy told CNBC's "Trading Nation" on Friday. "A lot of commentators and strategists will point to this as a risk, and there are risks around that narrow leadership, but it also presents an opportunity," the $114 billion money manager said. With the economy slowly reopening and several possible coronavirus vaccines on the horizon, "we would expect to see some rotation into more cyclically oriented stocks," Shue said. But investors should be mindful of where they choose to put their money, she said. "When it comes t...

WASHINGTON: The United States on Friday (Jul 31) imposed sanctions on a major paramilitary group with vast interests in China's northwestern region of Xinjiang, accusing it of facilitating widespread abuses against Uighur Muslims. The Xinjiang Production and Construction Corps has been seen as a state within a state, running its own towns, universities and media geared overwhelmingly toward China's Han ethnic majority. The Treasury Department said it will freeze any US assets held by the body, known locally as the Bingtuan, and prohibit transactions with it. Calling China's actions toward minorities "the stain of the century," Secretary of State Mike Pompeo said that the Bingtuan was "directly involved" in mass incarceration of Uighurs and other mostly Muslim communities in Xinjiang...