The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Here's CNBC review of the Apple Watch Series 5, which makes a step forward with an always-on display and a useful compass that can help you find your way on Apple Maps.Technologyread more
On Sept. 18, Capital One and Walmart announced the launch of the Capital One Walmart Rewards Credit Card Program, which offers two new cobranded credit cards. Here's a break...Moneyread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
In an apparent setback for Prime Minister Benjamin Netanyahu, exit polls show the Israeli leader has fallen short of securing a parliamentary majority with his hard-line...World Newsread more
President Donald Trump doesn't want war with Iran — but Tehran seems inclined to "test the Trump administration," says Gerald Feierstein, a former U.S. Ambassador to Yemen.Oilread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
A world without paper payments is rapidly approaching, the co-founder of the Sohn Conference Foundation said Thursday.
Evan Sohn, who works in the payments industry, told CNBC that paying for things with traditional bank notes is increasingly dwindling as the appetite for contactless payments and digital currencies grows.
"How far are we from a restaurant that says we only take online payment? If you eat here, you have to download this application and we only take electronic payment, no cash here, no check," Sohn said on the sidelines of the Sohn Conference Foundation, which raises money to fight pediatric cancer.
"I don't think we are that far away from it," he added.
Though most payments are still made with cash, Sohn said a demonetarization is taking place.
According to the 2017 World Payments Report, global non-cash transaction volumes rose 11.2 percent between 2014 and 2015 to reach $433.1 billion — the highest growth of the past decade and above forecasts. The same report added that debit cards and credit transfers were the leading digital instruments in 2015, though the use of check continued to decline.
Sohn said that he is uncertain what the principal replacement for cash will be, whether it is Bitcoin, American Express, MasterCard or something else entirely. But "the next step is moving away paper-based currencies."