Hangzhou city airport has been condemned by authorities as one of the worst-managed in China, the South China Morning Post reports. » Read More
Carl Icahn slammed Pershing Square's Bill Ackman for making false statements about Icahn's Herbalife investment.
Yellen and Fischer's comments at Jackson Hole leave markets right where they started the session.
Delinquencies in subprime auto loans are on the rise, and that could signal bad news for lenders and automakers.
Federal Reserve Vice Chairman Stanley Fischer tells CNBC the decision on whether to hike interest rates should be looking forward not backward.
At Jackson Hole, Fed Chair Janet Yellen voiced optimism about the economy and an expectation that interest rate hikes are ahead.
Wall Street banks get a lift from Janet Yellen's comments as the market begins to price in a near-term rate hike.
Read Fed Chair Janet Yellen's full speech.
Bill Ackman tells CNBC he was approached indirectly by Carl Icahn to purchase a stake in Herbalife — his longtime short target.
"I think the economy is on a good track," Cleveland Fed President Loretta Mester said, "the employment numbers show that."
Some of the names on the move ahead of the open.
Some retailers were unprepared for the transition to upgraded payment cards. Gas stations have to make the switch next.
But St. Louis Fed President James Bullard wouldn't be firm, saying he would like to raise rates on good economic news.
Sources told the WSJ that investment bank Jefferies Group had been looking for buyers for Icahn's stake worth roughly $1 billion.
To push banks to lend for longer periods of time, the Chinese central bank used 14-day reverse repos for the first time since February.
China and the U.S. are set to jointly announce their ratification of a landmark climate change pact before the G20 summit, the SCMP reports.
A rate hike from the Fed could spark an Asian stocks sell-off and trigger capital outflows in China, according to Macquarie IM.
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