Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
While the Federal Reserve still sees no rate cut in 2019, traders are convicted a rate reduction is coming as soon as July.Marketsread more
Goldman Sachs lowered its price target on Tesla over concerns about demand.Marketsread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
In an area responsible for the shipment of one-third of the world's seaborne oil, just how high could military confrontation — or indeed, an outright war — send the price of...Oilread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
Third Point has taken a "significant" position in eBay, a source told CNBC.
Loeb has engaged in multiple conversations with eBay CEO John Donahoe, the source said. Donahoe will be stepping down as eBay's chief executive when the split takes effect in 2015.
Third Point's $17 billion stake and its involvement comes on the same day that eBay, under pressure from billionaire activist Carl Icahn, said it will spin off its PayPal payments unit into a separate, publicly traded company. EBay's share price rose 8 percent.
At eBay, Loeb pushed the company months after Icahn began loudly calling for eBay to spin off PayPal.
A source with knowledge of Third Point's interest in eBay did not say what changes the hedge fund sought, or whether it worked in tandem with Icahn.
Loeb declined to comment on Tuesday.
Icahn said on Tuesday he was happy with the spinoff decision, adding it came later than it should have, but sooner than he expected. He said he plans to speak with eBay Donahoe soon.
Read MoreWhat the eBay split means for PayPal
Third Point scored another victory on Tuesday, when Masco, which manufactures products for the home improvement and new home construction markets, announced its own spinoff. The hedge fund is one of Masco's top ten investors and had been in contact with the company.