Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018.Traderead more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread 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
China is reducing support for its electric carmakers a move experts and industry insiders warn could lead to consolidation and waning investor appetite. But some of the...Technologyread more
Is your CEO on the list? Glassdoor has the results.Power Playersread more
Joseph Gaspar, the chief financial officer at Elbit Systems, said M&A among firms in the sector began to pick up pace in the 1980s and looks set to continue.Paris Air Showread more
Stocks in Asia rose on Wednesday following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
The U.S. Department of Defense has hit back at Russian officials who have criticized a U.S. plan to deploy more troops to the Middle East.World Politicsread 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
The European Central Bank's (ECB) vice president said another large bond-buying program could be an option if inflation in the region doesn't reach its intended target.Europe Newsread more
Jeffrey Gundlach, one of the world's best-known bond investors, has sued a California wine merchant he said sold him several dozen bottles of fake wine, including Bordeaux that experts consider among the greatest wines ever made.
In lawsuits filed on Friday, the founder of DoubleLine Capital claimed that at least 67 bottles he bought from Soutirage were fake, and that it would cost more than $1 million to replace them.
Gundlach raised similar claims in a separate lawsuit against Soutirage's founders Chad Meyer, Aimee Meyer, Matthew Wilson and Ashley Wilson. They were not immediately available for comment.
Gundlach said Soutirage assured him the wines were real after he expressed concern, but that subsequent testing by a "world-renowned" expert he hired proved otherwise.
Among the wines he said were bogus were several classic wines from the Bordeaux region in France, including a 1928 Latour, a 1947 Cheval Blanc, and a magnum of 1961 Petrus.
"Soutirage is nothing but a crass huckster," Gundlach said in a complaint filed in a California state court in Los Angeles.
Gundlach is seeking damages at least equal to his cost to replace the fake bottles with real ones.
A spokeswoman for Gundlach, considered by some on Wall Street as the Bond King, declined to comment.
The lawsuit is one of a handful in recent years in the United States challenging the authenticity of various wines.
The billionaire William Koch, the younger brother of billionaires Charles and , has filed a variety of such lawsuits over the years, including one against Silicon Valley entrepreneur Eric Greenberg where he was awarded $1.15 million.