Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
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WeWork hopes to sharpen its story for investors as it works to get its on-again, off-again IPO back on track.Technologyread more
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"It is really a tale of pretty failed governance, almost of the highest order, short of something fraudulent," says the tech investor.Deals and IPOsread more
Private equity firm 3G Capital Partners discloses that it sold 25.1 million shares of Kraft Heinz, bringing its stake down by about 9%.Marketsread more
"That leads the developed world to say to China: 'We've got to rebalance this. It's working for you. It's not working for us,'" says the billionaire Blackstone co-founder.Economyread more
Microsoft founder Bill Gates added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg.Wealthread more
Bank of America CEO Brian Moynihan spoke with CNBC about a range of topics, including what higher rates could mean for the lender, the bank's exposure to bad loans, as well as the overall state of the bull market.
"We had a war to fight that few other people had between cleaning up the mortgage mess, the cost structure and the litigation," said Moynihan in defense of why the stock has lagged behind its peers in the past five years.
"That war is over, and we can declare that, but we learned the lessons from that war and that's what we keep applying," the chief executive added, claiming that at the current stock prices, management would keep buying back BofA shares "all day long."
Year to date, Bank of America's stock is down nearly 7 percent compared with a gain of 2.5 percent for the S&P financial sector. Since hitting a recent low in June, however, the shares have surged 30 percent.
Only PRO subscribers have access to the full interview, which was originally broadcast on "Squawk Box."