A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
"They owe a lot of money to your friends on Wall Street and we're going to have to wipe that out. You're going to say goodbye to that, I don't know if it's Goldman Sachs, but whoever it is you can wave goodbye to that," Trump said on Tuesday in an interview with Fox News, according to a Reuters report.
The White House didn't immediately return CNBC's emailed request for further details of Trump's proposal. Goldman Sachs didn't immediately return CNBC's request for a response on the president's comment.
Trump visited the island on Tuesday, two weeks after Maria destroyed Puerto Rico's entire infrastructure system, leaving nearly 3.5 million residents without power, and tens of thousands without clean water.
The official death toll more than doubled to 34, a spokesman for Governor Ricardo Rosello said on Tuesday, Reuters reported.
Even before the storm brought Puerto Rico to a near standstill, the government there already struggled with an economy in shambles and a default on billions of dollars of public debt.
Today, the U.S. territory has nearly $70 billion in debt, an unemployment rate 2.5 times the U.S. average, a 45 percent poverty rate, nearly insolvent pension systems and a chronically underfunded Medicaid insurance program for the poor.
Puerto Rico's job base continues to shrink, taking its economy along with it. Since the recession ended, a lack of job prospects has sent many Puerto Ricans fleeing to the mainland, where the job market is much stronger.
During Trump's visit on Tuesday he said that responding to the hurricane's devastation had thrown the federal budget "out of whack," but he praised officials and first responders for preventing the storm from becoming a "real catastrophe" like Hurricane Katrina.
In a note published last week, Moody's Investors Service said widespread damage has reduced the economic capacity of the island to pay, changing whatever assumptions were previously made in the bankruptcy proceeding. The island, with $74 billion of bond indebtedness, filed for a form of bankruptcy in May.
New York-based hedge fund Blue Mountain Capital, which has invested in Puerto Rican debt for several years, didn't return CNBC's emailed request for comment, which was sent outside of office hours.
Global fund manager Franklin Templeton, which said as of the end of August it holds Puerto Rican debt through several of its mutual funds, didn't immediately return CNBC's emailed request for comment.
Franklin Advisers and OppenheimerFunds held a combined $10.3 billion in Puerto Rican debt as of July, making them among the island's largest creditors, Reuters reported.
OppenheimerFunds did not immediately return CNBC's emailed request for comment, which was sent outside of office hours.
Steven Tananbaum, chief investment officer at GoldenTree Asset Management, said recently at a conference that he was looking at Puerto Rican bonds related to the Puerto Rico Sales Tax Financing Corporation (also known as Cofina).
GoldenTree Asset Management, which manages over $25 billion, didn't immediately return CNBC's emailed request for comment, which was sent outside of office hours.
—Reuters and CNBC's Christina Wilke, John W. Schoen, Steve Liesman and Dawn Giel contributed to this article.