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
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
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
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread 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
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Eyeglass retailer Warby Parker has raised $75 million in a Series E funding round, bringing its total funding to nearly $300 million.
The company also announced Wednesday that it expects to turn a profit this year, the first such achievement in its eight-year history.
CNBC had previously reported that Warby Parker was planning to open nearly 100 stores by the end of 2018, expanding beyond its burgeoning e-commerce business.
The Series E round was led by T. Rowe Price. Warby Parker said it plans to use the money for research and development and technology investments.
"We're working to build one of the world's most impactful brands, and we've always taken a long term view," said Neil Blumenthal, co-founder and co-CEO.
The company has also added Youngme Moon, a Harvard professor of business administration, to its board of directors. Moon currently serves on the boards of Unilever, Rakuten (which recently announced a major partnership with Walmart) and fast-growing salad chain Sweetgreen.
Other board members include Warby Parker's co-founders, investors and Mickey Drexler, the former CEO of J.Crew and Gap.
A source familiar with the company's financials has told Recode that Warby Parker's latest round of funding values the company at $1.75 billion.
Warby Parker declined to comment.