Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not2020 Electionsread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Check out the companies making headlines in midday trading:Market Insiderread more
Uber has laid off about 350 employees across several teams within the organization.Technologyread more
A passenger has complained to United Airlines after a fellow traveler was allowed to fly with a T-shirt that called for hanging journalists.Airlinesread more
"I fear that's what we're headed into" here in America, warns the former Treasury secretary.Economyread more
"But I expect we'll have a deal," Mnuchin tells CNBC.Politicsread more
Kohl's stores are getting a bit of a refresh, and are being infused with new brands, ahead of this holiday season.Retailread more
Online travel company Booking Holdings has dropped out of Facebook's libra, joining a growing list of firms that have exited the embattled cryptocurrency project.Technologyread more
A Chinese delegation led by Vice Premier Liu He could be sent before month's end to iron out phase one, a source tells CNBC's Kayla Tausche.Marketsread more
Amazon's quest for commercial drone delivery will likely face state and federal hurdles—which makes the e-commerce giant's efforts to implement autonomous delivery all the more difficult, a venture capitalist and early Amazon investor said Wednesday.
The Federal Aviation Administration could finalize drone regulations over the next 12 months, Deputy
Administrator Michael Whitaker said in congressional testimony Wednesday. The government previously anticipated commercial drone regulations would not be ready until the end of 2016 or later.
Amazon and other large tech players including Google have pushed Washington to allow widespread operation.
Despite the FAA's faster time frame, Second Avenue Partners co-founder Nick Hanauer said he expects more complications, including regulatory hurdles by states. He said the FAA's patience is well-placed for a "very complicated technology problem."
"For a lot of very good reasons the FAA has a lot to say. Obviously, if things go wrong with your bag of groceries moving through the air, it'll be a problem," he said on CNBC's "Squawk Alley."
Read MoreDrones: The next big risk
Amazon is preparing to deliver packages as soon as regulations are in place. It has ambitions to drop parcels to customers within 30 minutes of receiving an order.
"We'd like to begin delivering to our customers as soon as it's approved," Amazon vice president Paul Misener said at the hearing.
Earlier this year, the FAA proposed rules that would allow drones to fly during daylight within an operator's sight at no more than 500 feet. But Amazon and Google, among others, have advocated letting more sophisticated aircraft fly autonomously for longer distances.
— Reuters contributed to this report