Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
In its new "Future Skills" report, LinkedIn has identified what it calls the 10 "rising skills" of the future and the jobs associated with them.Get Aheadread more
Stocks in Asia rose in Wednesday morning trade following positive developments overnight on the U.S.-China trade front, while the offshore yuan jumped.Asia Marketsread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
Tesla loses vice president of HR and head of diversity, Felicia Mayo, one of a few black woman executives to break Silicon Valley's glass ceiling.Technologyread more
Union Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.Mad Money with Jim Cramerread more
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
A commuter train crashed into the station at a major transit hub for Manhattan on Thursday at the height of morning rush hour, killing at least one person and injuring 108 including the engineer, New Jersey Gov. Chris Christie said Thursday afternoon.
New Jersey Transit said the crash happened at around 8:45 a.m. local time and involved a train from the Pascack Valley Line that departed from Spring Valley, New York. The line runs through New Jersey's affluent Bergen County and ends in Hoboken, where thousands of commuters take trains or buses into New York City.
The cause of the crash at the Hoboken, New Jersey, station was not immediately known. NBC New York said authorities believe the crash may have resulted from operator error but stressed that the investigation was preliminary. The New Jersey Transit train was not equipped with positive train control technology that slows down trains when they exceed the speed limit, NBC News reported. Initial reports indicated that the train did not slow down as it entered the station.
The National Transportation Safety Board said Thursday officials will be looking into positive train control technology and also for similarities between Thursday morning's crash and one in 2011 at the same station, Reuters reported.
Christie said in a news conference Thursday afternoon that officials know that the train "came in at much too high rate of speed." The train's engineer, who was seriously injured, was released from a local hospital and is cooperating with the investigation. Christie also said officials have no indication that the crash was anything other than a "tragic accident."
The one fatality as a result of the train crash was 34-year-old Fabiola Bittar de Kroon of Hoboken, the state medical examiner's office confirmed. Bittar de Kroon worked in SAP's legal department until earlier this year, the company told CNBC. "We express our deepest condolences to her family, friends, and all those impacted by today's tragic event," the company said.
Earlier, NBC New York reported that three people had died and more than 100 were hurt. The hospital said more than 50 people were being treated there including three in critical condition and 40 "walking wounded." The hospital served as a trauma center for 9/11 and the 2009 Hudson River plane landing.
Transit officials said PATH subway service will resume in time for the Thursday afternoon rush. Officials also said they're working to make sure the terminal is safe.
One passenger in the first car of the train told NBC 4 New York the train "just felt like it never stopped. It didn't slow down. It didn't brake."
The crash caused extensive damage, and it was not known whether the station would be out of commission for an extended period.
New York Gov. Andrew Cuomo said the state is working closely with NJ Transit and authorities, as well as all local and federal partners to provide assistance and keep travelers safe.
"My thoughts and prayers go out to all those who were hurt, and I extend my deepest condolences to the families of those whose loved ones were lost in the fatal accident," he said in a statement.
Democratic presidential nominee Hillary Clinton called the images of the train derailment "horrifying."
A spokesperson for the National Transportation Safety Board said in a news conference that the agency is launching an investigation into the crash. The NTSB will also look at positive train control, which governs train speed, as part of its investigation, the official said.
Passenger Bhagyesh Shah told NBC New York 4 he boarded the train at Secaucus, New Jersey.
"The next thing I know, we are plowing through the platform," Shah said. "It was for a couple seconds, but it felt like an eternity."
He said the first two cars of the train were especially crowded so passengers could be closer to the Hoboken station.
"I saw a woman pinned under concrete," Shah said. "A lot of people were bleeding; one guy was crying."
The Federal Railroad Administration said investigators were en route to the scene.
Carepoint Health Systems, which operates three hospitals in Hudson County, did not have a patient count in its hospitals in Jersey City, Hoboken and Bayonne .
Earlier, in a statement, NJ Transit said on Twitter, "Rail service is suspended in & out of HOB due to a train accident at Hoboken station" and "NJT bus & private carriers are honoring NJT rail tickets and passes."
The agency later said on Twitter all PATH subway service at Hoboken was suspended.
NJ Transit and the Hoboken Police Department did not immediately respond to CNBC for comment. The National Transportation Safety Board did not immediately respond for comment.
Hoboken Mayor Dawn Zimmer said on Twitter: "My thoughts and prayers are with everyone affected. Thank you for the outpouring of support and to all the first responders on scene."
Several people took to Twitter to share what they were seeing after the accident:
This story is developing. Please check back for further updates.
— CNBC's AJ Vielma and Ryan Ruggiero contributed to this report.