On Saturday, Trump said he would impose additional sanctions against Iran in a bid to prevent the country obtaining nuclear weapons.World Politicsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
Tensions between the U.S. and Iran will likely escalate in the near future, a former adviser to the Iranian government said on Monday.Energyread more
Millennial stocks are looking fly this month, and one name could be on the verge of exploding in the next year.Trading Nationread more
Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Eldorado Resorts has agreed to merge with Caesars Entertainment in a cash and stock deal that values its peer at about $17.3 billion including debt.Casinos and Gamingread more
A decisive win for Turkey's main opposition party in a re-run of a mayoral election in Istanbul this weekend has prompted hopes for economic and political change.Europe Politicsread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
The European bond market is signaling that the continent's economy is "probably going to be OK," Starwood Capital chief Barry Sternlicht told CNBC on Wednesday.
"I've been watching the 10 year in Spain and Italy all year. As soon as [the yields] broke 4 [percent], it's kind of like a referendum that Europe is going to at least get through. At least the Euro risk is done," said Sternlicht, whose private equity group has $33 billion in assets under management and focuses heavily on real estate.
The bond yields are converging, he said in a "Squawk Box " interview. "So now you have the Spanish and Italian 10 years trading around where the U.S. 10 year [Treasury] is or getting close."
Sternlicht, who founded Starwood Hotels and the W hotel chain, is looking to take advantage of the brightening future he sees in Europe—buying more than 50 hotels in three portfolios in the U.K. "We're going to merge them together and probably take it public in a couple of years."
He said he's not alone believing in Europe's comeback. "You're seeing enormous investor interest in Europe—probably ahead of the fundamentals. But distressed guys—whether it's distressed credit, distressed equity guys—everybody is looking at Europe." Banks there are still unloading loans and properties, he added.
"The frontier countries right now are Spain and Italy," Sternlicht said. "Spain is really reforming themselves. It's amazing. So with Spain moving, Italy is looking over … and saying we've got to do something."
He also said he's dabbling in other areas of Europe—purchasing an office park in Eastern Europe, a retail company in Sweden and a deal with the Irish National Asset Management Agency. "We're [also] going to the fringes like Poland where you can get better yields."
—By CNBC's Matthew J. Belvedere.