The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread 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
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Australia's richest woman Gina Rinehart and Chinese developer Shanghai CRED have agreed on a deal to jointly purchase S. Kidman & Co, the country's largest private land holding, for A$365 million ($276.8 million), the companies said on Sunday.
Rinehart's Hancock Prospecting will own 67 percent and Shanghai CRED 33 percent of Australian Outback Beef, a new joint venture created to buy Kidman in a bid to overcome government concerns about foreign interests buying the cattle empire.
In April, the Australian government rejected a A$371 million ($281.3 million) bid by a consortium headed by Shanghai CRED and Hunan Dakang Pasture Farming, alongside a minority 20 percent Australian interest, the group's second rejection in six months.
Australian Treasurer Scott Morrison said the sale of Kidman's vast holdings - about the same size as South Korea - to the Chinese buyers was not in the national interest. Domestic ownership of agriculture is seen as crucial for Australia to cash in on global food demand and to keep tax revenues onshore.
Rinehart, who has close ties with ruling conservative lawmakers, said Kidman "is an important part of Australia's pioneering and entrepreneurial history".
Founded more than 100 years ago, Kidman has an average beef herd carrying capacity of 185,000 cattle and pastoral leases covering 101,000 sq km (39,000 sq miles).
The company has already agreed to sell its Anna Creek Station in South Australia, which makes up a quarter of its land holding, to an Australian buyer to help assuage government concerns. Anna Creek is adjacent to the Woomera weapons testing site, a concern noted by Morrison in rejecting the sale.
The Hancock deal is reliant on the separate sale of Anna Creek being completed. Proceeds from the sale of that and another station will be paid to Kidman and retained in the company for the benefit of Australian Outback Beef.
"We welcome the significant investment proposed in addition to the purchase price and are confident that the Kidman business will be in good hands,' Kidman Chairman John Crosby said.
A source familiar with the Dakang bid told Reuters in late August that it was considering a fresh bid of its own with potential domestic investors.
Rinehart would be a formidable opponent if Dakang pushed ahead. She is Australia's richest woman with assets worth $11.1 billion, according to Forbes, largely tied to iron ore assets.
In August, she named former lawmaker Sophia Mirabella to a senior role at Hancock Prospecting. She is also close to Deputy Prime Minister Barnaby Joyce.