Rising home prices, coupled with conservative borrowing, have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity...Real Estateread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
CNBC's Jim Cramer calls on investors to be wary of the slew of the hyped-up unicorn companies going public this year and encourages the focus to be on deliverable earnings.Investingread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
Markets have been betting Trump's Twitter attacks on the Fed will move rates. Among other things, Trump has called Chairman Jerome Powell "clueless" and Fed officials as a...The Fedread more
Trump's call with the foreign leader is reportedly the subject of a whistleblower's complaint that has spurred new accusations of wrongdoing from Democrats.Politicsread more
Harvard economist N. Gregory Mankiw says ultra-wealthy couples could split their fortunes in half through divorce and avoid paying a wealth tax proposed by presidential...Wealthread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
"That's the only thing that will force them to change what they're doing. They don't feel the pressure yet to change," Sen. Rick Scott tells CNBC.Politicsread more
Two top U.S. government officials called on Gulf countries including Saudi Arabia and the United Arab Emirates (UAE) to resolve their dispute with their neighbor Qatar, saying that regional stability is at stake.
"As the Gulf dispute nears the eight-month mark, the United States remains as concerned today as we were at its outset," Secretary of State Rex Tillerson said in opening remarks at the inaugural U.S.-Qatar "strategic dialogue" meeting on Tuesday.
"This dispute has had direct negative consequences economically and militarily for those involved, as well as the United States. We are concerned by the rhetoric and propaganda employed in the region, playing out daily in Arab mainstream and social media."
Saudi Arabia, the UAE, Egypt and Bahrain cut diplomatic ties and cut off transport links with Qatar in June 2017, accusing it of supporting Islamist groups and destabilizing the region, allegations that Qatar denies.
Saudi Arabia and its allies say they are boycotting the country rather than blockading it, but Qatar says its neighbors' actions are unjustified. The sanctions have weakened its economy slightly, according to official government data.
Relations deteriorated further in late summer 2017 after Qatar restored diplomatic relations with Saudi Arabia's arch-rival Iran, ties that had been cut in 2016 after attacks on Saudi Arabia's embassy in Iran.
Attending the strategic dialogue meeting with the U.S. Secretary of Defense James Mattis, Tillerson urged both sides in the dispute to tone down the rhetoric.
"It is critical that all parties minimize rhetoric, exercise restraint to avoid further escalation, and work toward a resolution," he said, adding that a united Gulf Cooperation Council (GCC) "bolsters our effectiveness on many fronts, particularly on counterterror — countering terrorism, defeating ISIS, and countering the spread of Iran's malign influence."
The GCC is an economic and political alliance of six countries, comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
He said Qatar had "made significant progress to improve efforts to combat terrorism" and that as a result of the memorandum of understanding signed between the U.S. and Qatar last July, the countries had increased information sharing on terrorists and terrorist financiers, had participated in counterterrorism technical training and taken steps to improve aviation security.
"We look forward to building on this foundation and implementing next steps," Tillerson said.
The session on Tuesday included discussions on various areas of cooperation, including trade and investment, security, counterterrorism, energy, and aviation.
Tillerson said Qatar was "a strong partner and a longtime friend of the United States" and said that the U.S. believed that "enhanced trade will contribute positively to both our countries' economic development, and create jobs for the American people and Qatari citizens while furthering the region's security and stability."