President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread 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
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Meatless alternatives are on the rise, fueled by startups and companies. CNBC's Uptin Saiidi tried out 21 days as a vegetarian and explores whether this is a fad or the future...Food & Beverageread more
Finding it hard to flourish in a smartphone-dominated world, the parent company of in-flight catalog maker, SkyMall, has filed for bankruptcy protection, according to a court filing on Friday.
Xhibit Corp, the publicly traded company behind SkyMall LLC and several other subsidiaries, said it's facing a severe liquidity crisis and would look to sell its assets as a going concern. Shares of Xhibit, which has a market cap of about $8 million, surged 43 percent on the over-the-counter market after the announcement.
The SkyMall business generated revenue of about $33.7 million in 2013, but only $15.8 million for the nine months ended September 28, 2014.
CEO Scott Wiley called the company a victim of evolving technology, dogged by the increased use of electronic devices on planes.
"The direct marketing retail industry is crowded, rapidly evolving and intensely competitive," the company said. Citing its lack of narrowly lack of narrowly tailored product offerings, the company said it battles competitors who have "greater, or vastly greater, resources, longer histories, more customers, and higher brand recognition."
The company will seek to sell assets as a going concern and will attempt to "sustain their scaled-down business operations as a going concern."
SkyMall did not respond to CNBC's request for comment.