Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia edged up in Tuesday morning trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
Florida businessman Barry Honig agreed to a proposed judgment with the SEC in a case it called "classic pump-and-dump schemes," according to Monday filings.Crimeread more
Real estate mogul Barry Sternlicht said Wednesday wealthy people who have homes in flood-prone areas of the country probably should not expect tax dollars to help them rebuild.
"You could basically argue that people who live in these ... live there at your own risk," the chairman and CEO of Starwood Capital said on CNBC's "Squawk Box. " "The people who live in the mountains of Denver — should they be paying through their tax dollars for relief to people whose homes got wiped out" in hurricanes Irma and Harvey?
Sternlicht stressed he wasn't saying homeowners shouldn't receive humanitarian aid. "[But] the private [insurance] market should be able to work this out," he argued, as opposed to the government's National Flood Insurance Program. Starwood Capital, a global investment firm specializing in real estate, has $55 billion in assets under management.
President Donald Trump signed a bill late Friday providing $15 billion to Hurricane Harvey disaster relief, which incorporated an extension of the federal flood insurance program, the debt ceiling and government funding until Dec. 8.
Many Republicans were upset with Trump's deal with Democrats, which included a much shorter extension to the borrowing authority than they wanted. Some GOP lawmakers had requested the legislation be paid for with cost cuts.
Homeowners who purchased flood insurance through the program can expect some help. But others with flood damage who do not have insurance will have to find help through relief aid and donations.
Clarification: A spokesperson for Sternlicht said he was talking about wealthy individuals with homes in flood-prone areas, not all homeowners.