The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
The New York City police officer who used a chokehold on Eric Garner in an encounter that ended with Garner's death has been fired, New York City Police Commissioner James...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions in its benchmark rate.Marketsread more
Investors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warns.Investingread more
China has become the latest country to say it will ignore the United States and continue to conduct business with Iran.
U.S. sanctions against Iran came into effect Tuesday and President Donald Trump has warned that countries who trade with Tehran will not be able to do business with the U.S. Trump also said he will expand the punitive measures in the coming weeks to include tougher ones related to oil production.
China has a growing relationship with Iran's energy industry and, according to a Reuters report Wednesday, has stated it will defend those business interests.
"China's commercial cooperation with Iran is open and transparent, reasonable and fair, not violating any United Nations Security Council resolutions," a government statement said, adding that "China's lawful rights should be protected."
According to Reuters data, China buys around $15 billion worth of crude oil from Iran each year and is Tehran's top energy customer. Chinese state companies CNPC and Sinopec have also invested billions of dollars to develop oil fields in Iran.
Earlier Wednesday, Turkish Energy Minister Fatih Donmez said his country would continue to buy gas from Iran.
The U.S. has re-imposed sanctions on Iran after it left the Joint Comprehensive Plan of Action (Iran nuclear deal) in May.
Trump followed through on the withdrawal despite attempts to persuade him otherwise by German Chancellor Angela Merkel, French President Emmanuel Macron and U.K. Foreign Secretary Boris Johnson.
The Iran nuclear deal was an accord between Iran and the U.S., Russia, Britain, Germany, France, China and the European Union. It was an agreement to lift sanctions on Iran in exchange for the country stopping its program to develop more nuclear capability.
China's statement Wednesday followed Russia, which said Tuesday that it will do "everything necessary" to save the 2015 Iran nuclear deal and protect its economic interests with Tehran.
The EU has also warned that firms that stop doing business with Iran because of U.S. sanctions could in turn be sanctioned by the bloc.
The EU's foreign policy chief Federica Mogherini told reporters Tuesday that the EU was "doing its best to keep Iran in the deal."