The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
These are the stocks posting the largest moves midday.Market Insiderread more
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.Marketsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Former Egyptian president Mohamed Mursi has died in court, state television reported on Monday.World Politicsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
From Tanzania to Sri Lanka, the two Asian heavyweights are trying to establish a stronger military and economic presence in countries along the Indian Ocean in a quest for regional supremacy.
China, the world's second biggest economy, is looking to build what some policy experts call a "string of pearls" — a network of defense and commercial facilities — around the massive area. Beijing in 2016 revealed plans to launch its first overseas military base in Djibouti. Numerous business projects by state-owned Chinese enterprises under President Xi Jinping's massive Belt and Road program, which includes a port in Tanzania, have reinforced its efforts.
New Delhi, unsettled by the thought of Beijing dominating its own backyard, is responding in kind.
On a visit to Oman last month, Prime Minister Narendra Modi secured access to naval facilities in the Middle Eastern state, which is near the Strait of Hormuz. More than 30 percent of seaborne oil exports pass through that narrow waterway daily.
Earlier this year, India signed a 20-year pact with the Seychelles to build an airstrip and a jetty for its navy. Last November, Modi's team inked a pact with Singapore that may boost Indian access to that country's Changi naval base.
"It seems that we are in the middle of a base race across the Indian Ocean," David Brewster, senior research fellow at at the Australian National University, wrote in a February note published on think tank The Lowy Institute. "Watch this space."
The Indian Ocean, which borders Africa, the Middle East, Asia and Australia, is home to major sea lanes and choke points that are crucial to global trade. Nearly 40 percent of the world's offshore petroleum is produced in the Indian Ocean, which also has rich mineral deposits and fisheries.
Commercial projects undertaken by Indian and Chinese companies could also be put to military purposes.
When China Merchants Port Holdings signed a 99-year lease on Sri Lanka's Hambantota Port in July, worries emerged that China's navy would make use of the facility despite Sri Lanka's assurances to the contrary. A few months later, Reuters reported that New Delhi was looking to take over Hambantota's local airport.
Indian and Western diplomats "are convinced that Hambantota will end up becoming a Chinese military and naval base, or another Djibouti," the Observer Research Foundation, an Indian think tank, said in an October report.
"Future military uses of Chabahar by India cannot be ruled out," said Brewster. The $85 million Chabahar project, located only about 350 kilometers from Gwadar, is aimed at creating a transit route between India, Iran and Afghanistan.
The Indian Ocean has also become a hotspot for weapons technology.
Beijing plans to deploy sea-based anti-missile systems there, according to recent reports. And analysts said New Delhi's 2017 request for U.S. aerial drones was aimed at monitoring Chinese activity in the ocean.