The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Investors might be wary that gasoline prices will continue to rise, and are looking to take back profits by selling off shares.Retailread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
"I feel really confident that defense-minded CEOs, when they are on defense, they're going to come to" flexible offices and away from traditional leases, Knotel CEO Amol Sarva...Commercial Real Estateread more
Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned.Retailread more
Shares of Apple suppliers slumped on Wednesday, a day after the U.S. consumer technology giant unveiled two highly anticipated smartphones that failed to wow investors – the iPhone 5S and its lower-cost version, the iPhone 5C.
Shares of Taiwan-listed contract manufacturer Hon Hai Precision Industry fell 1.3 percent and camera phone lens maker Largan plunged 6.4 percent, while microphone and mini-speaker supplier ACC Technologies (ACC) declined 4.7 percent in Hong Kong. Declines follow Apple's 2.3 percent drop in the U.S. overnight.
(Read more: Apple goes plastic and colorful with new iPhone line)
Disappointment over the pricing of the iPhone 5C is weighing on shares, said market watchers, who fear that the price tag is too high and may limit sales in key emerging markets.
"I'm disappointed at the pricing of the 5C, which will not compete in the low-end market in China," said Tim Seymour, CIO of Triogem Asset Management.
According to Apple's China website, the phone would be sold at 4,888 yuan ($733). In the U.S., the phone is priced at $549 without a contract, and $99 with a two-year contract. Analysts had expected an unsubsidized price of $350-400.
"If the 5C is intended to be a phone that can compete with Samsung and even HTC, and some of the other Android models in Asia, it's not going to happen," he added.
Apple has been losing its foothold in China owing to fierce competition from rival Samsung and local manufacturers. The company's sales in Greater China, which includes Taiwan and Hong Kong, plunged 43 percent on quarter in the April-June period.
(Read more: Why 'device exhaustion' spells trouble for Apple )
At its Beijing product launch on Wednesday, the company was widely expected to announce a partnership with China Mobile to distribute its products on the mobile carrier's vast network. However, to the disappointment of many, no deal was announced.
(Read more: Apple granted China Mobile license, but no deal yet)
—By CNBC's Ansuya Harjani; Follow her on Twitter @Ansuya_H