After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
Ford is one of four automakers that reached a voluntary agreement with California on fuel efficiency rules, defying Trump and his administration's effort to strip the state of...Autosread more
See which stocks are posting big moves after the bell.Market Insiderread more
The jihadist terror group Islamic State of Iraq and al-Sham has become a powerful military force, wreaking havoc throughout Iraq. But ISIS is more powerful than just its estimated 10,000 fighters and ever-expanding weapons cache: It is also believed to control $2 billion in total assets.
The Guardian reports that the group, whose actions in Iraq could derail the world economy, began its sizable cash reserves with the acquisition of oilfields in eastern Syria. From there, ISIS grew its treasury by smuggling antiquities and resources out of the embattled state. The Guardian said the details were discovered from a trove of flash drives acquired by Iraqi officials less than two days before ISIS conquered Mosul—Iraq's second largest city.
Despite the vast riches detailed on the drives, the group's real windfall came after it took Mosul. After seizing its banks, weapons, and resources, ISIS's total assets reached a staggering sum.
"By the end of the week, we soon realized that we had to do some accounting for them," a senior intelligence official told The Guardian. "Before Mosul, their total cash and assets were $875 million. Afterwards, with the money they robbed from banks and the value of the military supplies they looted, they could add another $1.5 billion to that."
The official went on to tell The Guardian that ISIS had acquired $36 million from one Syrian region alone by selling relics up to 8,000 years old.
—By CNBC staff