Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
The group, whose chairman is J.P. Morgan CEO Jamie Dimon, blamed tension with China and the stalled free-trade agreement with Mexico and Canada for its members' downbeat...Politicsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump's announcement of his fourth national security advisor comes eight days after the abrupt departure of John Bolton.Politicsread more
The monthly Architecture Billings Index (ABI) from the American Institute of Architects fell to 47.2 from 50.1 in July. Any score below 50 indicates a decrease in architecture...Real Estateread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread more
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased.Economyread more
Poverty-stricken North Korea is gearing up to open a multimillion-dollar ski resort that is planned to be equipped with multilevel ski runs, two hotels, cable cars, and even a helipad.
The luxury resort, which is located a four-hour drive from the capital city Pyongyang in Masik Pass, is slated to formally open on October 10, the 68th anniversary of the Workers' Party of Korea.
However, it appears that there is still work to be done in the resort, which has been under construction for the past 10 months. According to a report published by the Associated Press, the main hotel buildings appeared to be little more than shells and potholes filled the main access roads when visited by a reporter in late-September.
The prospect of a weekend on the ski slopes will be far out of reach for the majority of North Korea's 24.7 million population, which earns on average $1,800 per year, according to the CIA World Factbook.
(Read more: In North Korea, will work for Choco Pie)
Kim Tae Yong, the secretary-general of North Korea's ski association estimates there are 5,500 North Korean skiers in the country.
"Entrance fees are expected to be set at around $50. The average person in North Korea couldn't afford to spend that," said Simon Cockerell, general manager of Beijing-based Koryo Tours - a tour company specializing in North Korean travel.
Cockerell, who visited the project site in late-August, said it will be open to foreigners as well.
"In the region, the intensive population with the money to ski lies in South Korea, however they don't have access to the country," he said. "Foreign tourist numbers are still low, there will be about 6,000 Western tourists visiting the country this year."
Kelvin Chan, head of country research at Euromonitor said the move is unlikely to drive tourists to visit North Korea, rather, it will be another attraction that tour organizers can add to their itineraries during the winter months.
"Only the adventurous travelers will choose to go to North Korea. After all, there are many ski resorts in neighboring countries such as China, South Korea and Japan," he said.
The ski complex is believed to the pet project of the country's leader Kim Jong-un, who reportedly enjoyed the sport as teenager while studying in Switzerland.
But building it hasn't been an easy task. The country, for example, has faced trouble obtaining ski lifts because of sanctions imposed in March to make it illegal to sell goods to the recluse nation.
Last month, the Swiss government revoked plans for a company to sell North Korea $7.7 million worth of lifts and cable car equipment, according to AP.
(Read more: North Korea Surrenders to Foreign Currency Invasion)
Kim called the move "a pity," the AP reported, but assured the resort would have three lifts by the end of the year. "We can make nuclear weapons and rockets," he said. "We can build a ski lift."
—CNBC's Ansuya Harjani; Follow her on Twitter @Ansuya_H