The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
Los Angeles has reached an agreement to host the Olympics in the summer of 2028 instead of 2024.
Los Angeles was bidding to host the 2024 games. Then in June, the International Olympic Committee decided that with two strong candidates, Los Angeles and Paris, it would give one city the 2024 games and the other the 2028 games.
Los Angeles had expressed willingness to consider pushing back the date, and Paris did not, the Los Angeles Times reports.
The International Olympic Committee said in a press release that it will contribute $1.8 billion to the organizing committee. It will advance funds to the committee in light of a longer planning period to increase participation and access to youth sports programs in the years leading up to the Games.
In a statement, IOC President Thomas Bach lauded Los Angeles' plan to use existing facilities and encourage youth engagement.
"Therefore, we are very happy that, as part of this Host City Contract, we are able to increase the access of the city's youth to sport, and encourage the healthy lifestyle of Angelenos for the next 11 years," Bach said. "We are very confident that we can reach a tripartite agreement under the leadership of the IOC with LA and Paris in August, creating a win-win-win situation for all three partners."
The IOC will put forward the plan for approval at its September meeting in Lima, Peru.
This will be Los Angeles' third time hosting the Olympics. It hosted the Games in 1984 and 1932.
Disclosure: NBCUniversal, the parent company of CNBC, is the exclusive U.S. rights holder to the Olympic Games through the year 2032.
WATCH: LA reaches deal for 2028 Olympics