The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
China's economy grew by around 7 percent in 2015, with the services sector accounting for half of gross domestic product (GDP), Premier Li Keqiang said on Saturday.
The premier also said that employment had expanded more than expected and that consumption contributed nearly 60 percent of economic growth.
Li made theremarks at the opening ceremony for the China-backed Asian Infrastructure Investment Bank (AIIB) in Beijing.
China's fourth-quarter and full-year 2015 GDP figures are expected to be released on Jan. 19.
Analysts polled by Reuters have forecast 2015 growth cooled to 6.9 percent, down from 7.3 percent in 2014 and the slowest pace in a quarter of a century.
China does not intend to use a cheaper yuan as a way to boost exports and has the tools to keep the currency stable, the premier said, state news agency Xinhua had reported earlier Saturday.
"China has no intention of stimulating exports via competitive devaluation of currencies," the premier said at the meeting in Beijing, which marks China's previously announced official entry into the bank.
Li added that China is capable of keeping the yuan's exchange rate basically stable at an appropriate and balanced level, Xinhua reported.
After a nearly three percent devaluation in mid August 2015 which rattled markets, China's yuan has fallen over one percent so far in 2016, as the nation has struggled to contain capital outflows in the wake of a dramatic equity market collapse and weak economic data.
Despite recent declines, China has the world's largest foreign exchange reserves, and policymakers have repeatedly said they have the firepower to keep the yuan stable.
China will invest an additional $50 million in the Asian Infrastructure Investment Bank (AIIB), President Xi Jinping said separately at the bank's opening ceremony in Beijing on Saturday.
The AIIB, which is seen as a rival to Japan-led ADB and U.S.-led World Bank, has become one of China's biggest foreign policy successes, and was set up by Beijing after it became frustrated by delayed reforms at the International Monetary Fund.