The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
WASHINGTON — Nearly 20 Russian missiles that the U.S. is currently unable to defend against were recently moved to a military testing site, signaling another milestone for the Kremlin's hypersonic weapons program, according to people who have direct knowledge of American intelligence reports.
"This shows they have the ambition to develop these weapons and that they have prioritized this particular program. The Russians have basically determined that they are comfortable with the design and will now focus on fine-tuning the weapon through testing," one person, who spoke to CNBC on the condition of anonymity, said.
The air-to-ground hypersonic missile dubbed "Kinzhal," which means "dagger" in Russian, has been tested at least three times. In July, the Kremlin successfully tested the weapon against a target nearly 500 miles away. What's more, in another U.S. intelligence report, according to a source, the hypersonic missile was mounted and launched 12 times from a Russian MiG-31 fighter jet. Additionally, work is underway to mount the weapon on a strategic bomber.
The weapon is slated to join the Kremlin's arsenal as early as 2020.
The latest revelations come a little more than a year after Russian President Vladimir Putin unveiled the Kinzhal system alongside five other advanced weapons.
Of the six weapons Putin unveiled in March, CNBC has learned that two of them will be ready for war by 2020, according to sources with direct knowledge of U.S. intelligence reports.
The Pentagon did not respond to a request for comment.