Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Iran's official IRNA news agency reported Kim Yong Nam, chairman of the Supreme Assembly of North Korea, arrived Thursday for the weekend inauguration ceremony for Iranian President Hassan Rouhani.
But given the head of North Korea's parliament is expected to stay for 10 days in Iran, the trip is being seen as a front for other purposes, including expanding military cooperation. At the same time, Pyongyang is looking for ways to counter sanctions and to boost the hard currency for the dynastic regime led by Kim Jong Un.
"There could be very problematic cooperation going on because of the past history and because it makes strategic sense, especially for Iran now," said Emily Landau, a senior research fellow at the Israeli-based Institute for National Security Studies and head of the Arms Control and Regional Security Program. INSS is an independent think tank affiliated with Tel Aviv University.
Kim Yong Nam's visit coincided with a move by the United Nations Security Council to slap sanctions that bar exports of North Korean coal, lead, iron ore and seafood. The new restrictions could slash the hermit regime's roughly $3 billion annual export revenue by one third.
The U.S.-sponsored resolution, which passed unanimously, followed the North's second intercontinental ballistic missile launch last month. It also curbs the number of North Korean laborers working abroad and clamps down on new economic joint ventures with Pyongyang.
President Donald Trump cheered to U.N.'s action in tweets Saturday, describing it as "the single largest economic sanctions package ever on North Korea" and noting "China and Russia voted with us."
The new sanctions have been proposed for some time by Washington, and pressure was applied on China, North Korea's longtime ally and its largest trading partner, to go ahead with them. Once the U.S. obtained Beijing's approval on the new resolution, it began negotiating with other nations part of the 15-member U.N. Security Council.
In comments after his swearing-in ceremony Saturday, Iran's Rouhani said, "The sanctions policy in today's world is a failed and fruitless policy," according to a report from Iran's semi-official Fars news agency.
Meanwhile, the man whom Iran described as the North's "No. 2" is believed to be traveling with a delegation of other officials from Pyongyang, including economic and military officials.
"For North Korea, it's not a question of ideology," Landau said. "It's not a question of being close politically and maybe in terms of any of their religious orientation. It's all about who can pay in hard cash. That's what makes North Korea a very dangerous source of nuclear technology, components and know-how."
Last month, Central Intelligence Agency Director Mike Pompeo said in a speech at the Intelligence and National Security Alliance that he had "created two new mission centers aimed at focusing on putting a dagger in the heart of the Korean problem and the problem in Iran."
"Both the North Koreans and Iranians feel a serious threat from the United States and the West and sort of see each other as very different countries but facing a somewhat similar situation," said Matthew Bunn, a nuclear proliferation expert and professor of practice at Harvard University's John F. Kennedy School of Government.
North Korea's newly built embassy in Tehran opened Wednesday, according to the North's state-run KCNA news agency. It said the new embassy was "built to boost exchanges, contacts and cooperation between the two countries for world peace and security and international justice."
After the second ICBM test last month, defense experts said it appeared North Korea's long-range ballistic missile had the range to reach half, if not most, of the continental United States. Iran could have an ICBM capability similar to North Korea within a few years, as just last week it successfully launched a satellite-carrying rocket that some see as a precursor to long-range ballistic missile weapon capability.
"There's been fairly extensive cooperation on missiles," said Bunn. "And in fact, early generations of Iranian missiles were thought to be basically modestly adapted North Korean missiles."
For example, Tehran's Shahab-3 ballistic missile, capable of reaching Saudi Arabia from Iranian land, is based on technology from North Korea's Nodong-1 rockets. Iran's Ghadir small submarine, which in May conducted a cruise-missile test, is a vessel remarkably similar to those used by Pyongyang.
There's still a bit of a mystery on the nuclear side, but some former CIA analysts have previously said Iranian scientists have attended nuclear tests in North Korea. There have been recent reports North Korea may be preparing for its sixth nuclear test, and it's not out of the realm of possibilities that new international sanctions could provoke Pyongyang to go ahead with the test as a form of protest.
Tehran's hands are tied due to the international nuclear agreement, although there's a possibility it could quietly be teaming up with North Korea on nuclear research and doing it from the Korean Peninsula.
"The fact they are cooperating so closely on the missile realm is cause to believe that there could be even more cooperation going on even directly in the nuclear realm," said Landau, the Israeli-based national security expert.
Bunn, however, isn't so sure there's currently any collaboration on the nuclear side between the two regimes but said "there's a real danger potential" of it happening.
- Reuters contributed to this reporting.