European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday 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
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
An extremely rare 70-pound meteorite sold for a record $237,500 through Christie's auction house on Wednesday.
This meteorite is referred to as a Canyon Diablo iron meteorite because it is made of iron and comes from Barringer Crater (also known as Meteor Crater) in Arizona, a famous site where a meteor crashed into the desert nearly 50,000 years ago.
This is the highest price for a meteorite sold through an online Christie's auction, and the highest price ever paid for a Canyon Diablo meteorite, said the meteorite's now former owner Darryl Pitt, who is curator of the Macovich Collection of Meteorites. It had been estimated to sell for $150,000 to $250,000, Christie's said Wednesday.
It is rare for several reasons. Only about 2 percent of all meteorites are made largely of iron. Further, very few of those are regarded as aesthetically impressive enough to be considered natural sculpture, Pitt said.
"Think of it as the quintessential American meteorite," Pitt told CNBC. "This one was really unusual. Most of them are highly angular, but this one has a gently curved surface that is evocative of a sculpture by Henry Moore."
On display at the auction was a specimen that resulted from the fireball seen over Michigan in January. That meteorite will be auctioned off at another Christie's auction, based out of London April 10-17.
The market in meteorites is young but is growing fast, Pitt said.
For example, 82 percent of the auction's 44 lots sold and more than a dozen sold for more than their high estimate.
Ten years ago, the same Canyon Diablo iron meteorite would have sold for one-tenth of the price it sold for on Wednesday, Pitt said.
"A few years from now, it's going to be worth twice as much," he said.
CORRECTION: Ten years ago, the same Canyon Diablo iron meteorite would have sold for one-tenth of the price it sold for on Wednesday, the meteorite's former owner says. The pricing was misstated in an earlier version of this article.