Mnuchin told CNBC that he's confident President Donald Trump and President Xi Jinping can make progress in stalled trade talks.World Economyread more
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were almost there on a trade deal.US Marketsread more
President Donald Trump's administration hopes additional sanctions on Iran will force the country to negotiate.Politicsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Bitcoin surged as high as $12,919 in early morning trade Wednesday, to its highest level since January 2018.Technologyread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Sports talk radio star Craig Carton was arrested in a fake discount ticket business that the government says was more like a Ponzi scheme, according to a court document unsealed in the case.
Carton and two other individuals, one of whom was also charged, solicited investors for money to buy blocks of tickets to shows and other live events and then resell them at a profit. But instead, the investor money was used to pay millions of dollars in personal debts and to reimburse prior investors, authorities said.
In a separate civil case unveiled on Wednesday, the Securities and Exchange Commission said Carton had racked up millions of dollars in gambling debts to casinos and others by the time he began soliciting investors in the ticket scheme, in which he told investors he had access to millions of dollars worth of tickets to concerts by Katy Perry, Justin Bieber, Adele and other performers.
Carton negotiated for $10 million in financing from an unnamed hedge fund to help purchase tickets in return for a cut of the profit from the resale of the tickets, according to the government's complaint dated Tuesday and filed at the federal court in Manhattan. But they planned to use the financing to pay back debt instead.
The government said the fraud took place from September through December last year, and it charged a second man, Michael Wright, in the scheme as well. Wright is identified as an associate of Canton's.
The complaint details emails and text messages in which the men tried to figure out how to juggle debts with incoming investor money.
In a September email, Wright discussed with Carton and a third unnamed individual more than $1 million in debt shortly coming due: "Run to Costa Rica, change name, and start life all over again -- may not be an option."
"As you know it's a game," Wright told Carton in an October email, according to the government's complaint.
The hedge fund, though unnamed by the government, was described as a "global investment management firm based in New York."
In its separate case, the SEC named Carton and another individual, Joseph Meli, who allegedly had access to a bank account that received investor money from the hedge fund.
The FBI arrested Carton early Wednesday at his Manhattan home, according to NBC New York, which first reported the story.
Carton, who has co-hosted WFAN's morning show "Boomer & Carton" with Boomer Esiason since 2007, could not be reached for comment by CNBC. A spokesman for CBS Radio, which owns WFAN, said, " We are aware of the situation and are cooperating with authorities."
Jim Forkin contributed to this report.