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
The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread 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
Corporate buyback trades are ripe for being picked off by high speed firms, effectively siphoning millions of dollars from the companies.Marketsread more
Here's CNBC review of the Apple Watch Series 5, which makes a step forward with an always-on display and a useful compass that can help you find your way on Apple Maps.Technologyread more
On Sept. 18, Capital One and Walmart announced the launch of the Capital One Walmart Rewards Credit Card Program, which offers two new cobranded credit cards. Here's a break...Moneyread more
FedEx is gearing up to report earnings after the bell Tuesday. Here's what to expect.Trading Nationread more
DoubleLine CEO Jeffrey Gundlach believes the bottom for interest rates is in for 2019.Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
In an apparent setback for Prime Minister Benjamin Netanyahu, exit polls show the Israeli leader has fallen short of securing a parliamentary majority with his hard-line...World Newsread more
Royal Dutch Shell will sign initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian
official said, the first deal by the world's second-biggest listed oil firm in Iran since sanctions were lifted.
Analysts said the deals showed major oil companies were prepared to keep doing business with Iran despite the risk that U.S. President-elect Donald Trump could scrap the nuclear deal that ended the sanctions earlier this year.
Shell will sign three memoranda of understanding (MoUs) agreements in Tehran to develop the South Azadegan, Yadavaran oil fields and the Kish gas field, the Iranian Oil Ministry official said.
The South Azadegan and Yadavaran fields both straddle Iran's border with Iraq.
Total, which last month signed the first deal by a Western energy firm since sanctions were lifted, will start talks about new oil and gas projects but will not be signing any deals on Wednesday, the official said.
Shell and Total declined to comment.
"These preliminary agreements could mark a strong sign of confidence towards the sustainability of the nuclear deal," said Homayoun Falakshahi, Middle East research analyst at Wood Mackenzie.
"These preliminary agreements come at the right time for President (Hassan) Rouhani, who can leverage on the nuclear deal bearing fruits for Iran's economy despite Trump's election," Falakshahi said.
Trump said during his campaign for the White House that he would scrap Iran's nuclear pact with world powers, describing it as "the worst deal ever negotiated".
Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries, hopes its new Iran Petroleum Contracts (IPC) will attract foreign companies and boost production after years of underinvestment.
Foreign firms keen to tap Iran's vast oil and gas reserves have so far made little inroads into the country despite the lifting of many sanctions and the new contracts that aim to improve the terms Iran offers for oil development deals.
Iran will launch its first new-style tender to develop oil and gas fields since the lifting of sanctions after January next year.