SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
Rising home prices, coupled with conservative borrowing, have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity...Real Estateread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
CNBC's Jim Cramer calls on investors to be wary of the slew of the hyped-up unicorn companies going public this year and encourages the focus to be on deliverable earnings.Investingread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
Markets have been betting Trump's Twitter attacks on the Fed will move rates. Among other things, Trump has called Chairman Jerome Powell "clueless" and Fed officials as a...The Fedread more
Trump's call with the foreign leader is reportedly the subject of a whistleblower's complaint that has spurred new accusations of wrongdoing from Democrats.Politicsread more
Harvard economist N. Gregory Mankiw says ultra-wealthy couples could split their fortunes in half through divorce and avoid paying a wealth tax proposed by presidential...Wealthread more
These are the stocks posting the largest moves midday.Market Insiderread more
"That's the only thing that will force them to change what they're doing. They don't feel the pressure yet to change," Sen. Rick Scott tells CNBC.Politicsread more
The dollar has been in a funk and is not likely to shake it until Washington resolves the budget and debt ceiling crises.
"Clearly the dollar is not really playing that much of a safe-haven role through this latest episode," said Vassili Serebriakov, currency strategist at BNP Paribas.
The greenback has been on a course lower since just around Sept. 6, the day the disappointing August jobs report was released, showing just 169,000 jobs created. That was the last major piece of data received by the Fed before its September meeting, when it decided to continue full throttle with its bond-buying program, a negative for the dollar.
The market then focused on the Sept. 30 deadline by which Congress needed to fund the government, weakening the dollar further. Congress failed to meet that deadline and the government shutdown Tuesday has created new anxiety about how the closure will affect the economy and whether Congress will step up to resolve it and the much thornier issue of the debt ceiling.