A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The $2.6 billion insurance company's stock briefly climbed more than 8 percent in extended trading. The stock is up 33 percent for the year, as of Thursday's close.
Barry Zyskind, the chairman and CEO of the company, and George Karfunkel, one of its founders, together own 40.87 percent of the stock and have been pursuing a plan to take AmTrust private, a deal which Icahn said he opposes.
"You have structured your take-over to ensure that the transaction is reviewed under the lower, more deferential 'business judgment' standard, as opposed to the enhanced, more stringent 'entire fairness' standard," the investor said in a letter.
Icahn also said the company's board set April 5 as the date of record for shareholders to vote in a June 4 meeting, without letting shareholders or the market know. He called for the board to change the record date and special meeting immediately.
AmTrust did not immediately respond to CNBC requests for comment.
— CNBC's Liz Moyer contributed to this report.