A Chinese delegation led by Vice Premier Liu He could be sent before month's end to iron out phase one, a source tells CNBC's Kayla Tausche.Marketsread more
Bank of America says investors should still look to stocks for value rather than bonds.Investingread more
Online travel company Booking Holdings has dropped out of Facebook's libra, joining a growing list of firms who have exited the embattled cryptocurrency project.Technologyread more
"But I expect we'll have a deal," Mnuchin tells CNBC.Politicsread more
Kohl's stores are getting a bit of a refresh, and are being infused with new brands, ahead of this holiday season.Retailread more
Apple will release the iPhone SE2 early next year for $399, analyst Ming-Chi Kuo says.Tech Driversread more
State polls show that Trump's standing has weakened in some states hurt by the trade war.2020 Electionsread more
Sanders, who is recovering from a heart attack, reveals the new tax plan a day before the third Democratic debate.2020 Electionsread more
Investors are set to scrutinize results from Goldman Sachs and J.P. Morgan Chase as banks report third-quarter results starting Tuesday.Financeread more
Morgan Stanley slashed its price target on Netflix to $400 per share from $450 per share, but kept its overweight rating on the stock.Pro Analysisread more
There are at least 10,000 Islamic State prisoners in several camps across northeastern Syria, according to Kurdish and U.S. officials.Politicsread more
Goldman Sachs shares slumped the most since November 2011 after Malaysia's finance minister demanded a full refund of fees it paid the bank tied to a doomed investment fund.
The company's stock was down 7.5 percent by the close of regular trading Monday, leading shares of financial firms lower amid a broad decline in equities. It was the biggest drop since an 8.2 percent drop in early November 2011.
Goldman has attracted scrutiny for its role in helping set up the Malaysian state investment fund known as 1MDB. The bank arranged three bond deals in 2012 and 2013 to fund 1MDB, raising $6.5 billion to supposedly attract foreign investment. Instead, U.S. authorities accused a Malaysian financier of stealing billions of dollars from the fund and using some of that money to pay hundreds of million of dollars in bribes.
While a Goldman investment banker named Tim Leissner has plead guilty to participating in the scheme, the bank has said that Leissner and others deceived the firm and dodged its internal controls. In his guilty plea, Leissner said his actions to hide facts from Goldman's compliance staff were part of the bank's culture.
Now, Malaysian Finance Minister Lim Guan Eng said the country is seeking a full refund of the $600 million in fees Goldman was paid for the bond deals, according to a Bloomberg news report based on a radio interview.
Goldman also faces "significant fines" from a U.S. Department of Justice investigation into its role in the 1MDB scandal.