On Saturday, Trump said he would impose additional sanctions against Iran in a bid to prevent the country obtaining nuclear weapons.World Politicsread more
Tensions between the U.S. and Iran will likely escalate in the near future, a former adviser to the Iranian government said on Monday.Energyread more
Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Eldorado Resorts has agreed to merge with Caesars Entertainment in a cash and stock deal that values its peer at about $18 billion including debt, people familiar with the...Casinos and Gamingread more
A decisive win for Turkey's main opposition party in a re-run of a mayoral election in Istanbul this weekend has prompted hopes for economic and political change.Europe Politicsread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Ekrem Imamoglu of the Republican People's Party beat President Tayyip Erdogan's handpicked candidate by almost 800,000 votes.World Politicsread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Intel has axed the division that worked on health wearables, including fitness trackers, according to a person familiar with the matter.
The company has been slowly de-emphasizing its own line of wearables for the past several years, and has not mentioned wearables on its earnings calls since 2014.
In November, TechCrunch reported that the company was planning to take a step back from the business after its acquisition of the Basis fitness watch didn't pan out as expected. Intel denied at the time that it was stepping back.
But a source told CNBC that the chip maker in fact let go about 80 percent of the Basis group in November. Many of the people were given the opportunity to relocate to other parts of the business.
About two weeks ago, Intel completely eliminated the group, this person said. The company's New Technologies Group, which looks at cutting-edge business areas, is now focusing on augmented reality, another source told CNBC.
Intel once hoped that it would rule the wearables category alongside such players as Apple and Fitbit. Back in 2014, the company partnered with celebrities like 50 cent to show off its heart-rate sensing earbuds. Also in that year, it shelled out roughly $100 million for Basis.
"I want to be able to leave my phone at home," Intel CEO Brian Krzanich told reporters in January 2014 during a keynote the Consumer Electronics Show. "We will get there."
On its web site, Intel continues to advertise its Curie chipset for connected Internet of Things devices, including wearables, alongside partnerships with watch makers like Tag Heuer.
Intel is scheduled to report Q2 earnings after the bell on Thursday, July 27.
Here's a video from back when Intel was talking up its wearables strategy in 2014: