Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
Stocks in Asia were mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Veteran investor Carl Icahn proved his ability to move markets again after stocks lost some of their fizz Tuesday when he expressed some concerns about the record highs hit by equities this week.
His concerns were over whether recent promising trends in results reported by U.S. businesses were based on lower interest rates rather than good management.
U.S. stocks fell after his remarks, at a Reuters summit, Monday afternoon – and Asian stock markets were broadly lower in Tuesday trading too. Earlier on Monday, the Dow had shot through 16,000 and the passed through the 1,800 barrier for the first time.
(Read more: Market milestones fuel bubbles fear)
Icahn himself seemed to try to calm some of the reaction to his comments in a statement Monday evening.
"It is almost impossible to predict what a market will do in the short term. There are too many variables," he said.
"Often when we are concerned about the market, we hedge to some extent and this is one of those times. Interestingly, our investment funds had an annualized return of approximately 27 percent since January 1, 2009, and that return would have been greater if we had not hedged. As I have often said, picking short term moves in the market is like predicting how many sevens the "hot" dice player will continue to roll."
The investor, famed recently for taking to Twitter and pressing for a buyout at technology giant Apple, may just be confirming existing fears, according to some market strategists. And when markets go through what has been previously been viewed as a barrier, it can lead to increased nervousness in the markets.
"Nothing he said was particularly surprising as a lot of people have been thinking the same thing about these moves higher," Michael Hewson, chief market analyst at CMC Markets, said. He blamed the fall in stocks, following Icahn's remarks, on profit taking.
(Read more: Are we in neverending bubble economy?)
Some investors have been warning of a bubble forming since the U.S. stock market's medium-term rally began in June.
"What did he really say that's new news? People realize the markets are overvalued, and ahead of itself based on the fundamentals, so comments like that give the high frequency guts the opportunity to hit the sell button," Kenny Polcari, director of NYSE floor operations at O'Neil Securities, told CNBC.
"Large asset managers are not making decisions on one negative comment or speech Carl Icahn gives at a conference."
- By CNBC's Catherine Boyle. Twitter: .