Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
U.S. government debt prices ticked higher Wednesday following the release of weaker-than-expected housing data.
The Commerce Department said earlier in the day that new home sales dropped 5.5 percent last month and reached their lowest level in nearly two years. This comes as mortgage rates have risen recently. According to Bankrate.com, the most recent average rate is at 4.87 percent.
The bid in Treasurys comes amid a general risk-off move in global stock markets. The major U.S. stock indexes are all down sharply this month. European and Asian equities have also dropped sharply in October.
Treasury auctions continued on Wednesday, as the department sold $39 billion worth of five-year notes at a high yield of 2.977 percent. The bid-to-cover ratio, an indicator of demand, hit 2.3.
Elsewhere, the Federal Reserve said in its latest economic report that tariffs have forced U.S. factories to raise prices.
"Manufacturers reported raising prices of finished goods out of necessity," the central bank said in the latest edition of the Beige Book, a summary of economic conditions. The Fed added: "Prices continued to rise, growing at a modest-to-moderate pace in all districts."