Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread 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
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
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
Gold fell 1 percent on Monday, touching a 2½-week low, as the dollar strengthened and U.S. Treasury yields rose ahead of a two-day Federal Reserve meeting, while a world stock market index surged to a record and Wall Street also hit new highs.
Easing tensions on the Korean peninsula also reduced gold's safe-haven bid. On Sept. 8, gold's session high of $1,357.54 an ounce was the highest in 13 months. On Friday, U.S. data showed hedge funds and other speculators had raised net long positions in the precious metal for nine straight weeks.
"There was a lot of speculative froth in the gold market which seems to have receded now," Commerzbank analyst Carsten Fritsch said in a telephone interview. "Expectations that the Fed will raise U.S. interest rates argue for a correction here."
The dollar hit an eight-week high against the yen, as investors increased bets the Fed could raise interest rates in December. Fed policy makers meet Tuesday and Wednesday. Investors expect the Fed will announce plans to start trimming its balance sheet, which should support the dollar and weigh on dollar-priced gold.
World stocks hit a record high. But shares of gold mining companies fell sharply. U.S. Treasury yields rose.
"Gold doesn't do well in a high rate environment," INTL FCStone analyst Edward Meir said in a telephone interview, noting that central banks have been tightening or moving toward tightening in Canada, England, Europe and the United States.
Gold's slide on Monday did not bring it as low as $1,300 an ounce.
Meir said gold's support level on the charts was around $1,280 an oz while the $1,300 level "is more psychological."
Investors grew less worried about tensions on the Korean peninsula. Chinese President Xi Jinping and U.S. President Donald Trump spoke about pressuring North Korea with economic sanctions imposed through the United Nations, the White House said. Trump addresses world leaders at the United Nations on Tuesday.
Kinross Gold Corp gave the go-ahead to spend more than $1 billion to expand two of its gold mines, including its Tasiast mine in West Africa.