Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Dow to rise; Fed chief Jerome Powell speaks; Fed presidents offer their views; bonds stable; and Larry Kudlow adds a tax twistMarketsread more
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
James Bullard says the Fed should continue to ease monetary policy because of the recession signal being flashed by the bond market.Investingread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Target's latest earning report shows how these investments are driving traffic and sales at a time when other retailers are struggling.Retailread more
You don't have to be a political expert to find out if a politician is bought and paid for.American Greedread more
European Union officials drafted a plan to launch a sovereign wealth fund to invest in companies that could compete with U.S. and Chinese tech giants, according to reports in...Technologyread more
The chip, called the Ascend 910, was first unveiled in October last year and is aimed at data centers.Technologyread more
Brazilian President Jair Bolsonaro hit back at French leader Emmanuel Macron, after he urged dialogue among G-7 leaders on the rising number of fires in the Amazon rainforest.World Politicsread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Warren Buffett was willing to invest $20 billion to help Occidental Petroleum acquire Anadarko Petroleum, double the investment the Oracle of Omaha eventually committed to the Houston-based driller, sources told CNBC's David Faber.
The Berkshire Hathaway chairman and CEO is also receiving a $50 million signing fee as part of his company's $10 billion investment in Occidental, sources said.
Occidental revealed on Tuesday that Berkshire has committed to invest $10 billion in the company to help fund its proposed acquisition of Anadarko. Berkshire would make the investment by purchasing 100,000 shares of preferred stock, which pays out an 8% annual dividend.
Buffett's investment is contingent on Occidental striking a deal to buy Anadarko, which has an agreement in place to be bought by Chevron. Berkshire will pocket the signing fee whether or not the deal goes through, sources told Faber.
In a CNBC interview that aired Friday, Buffett revealed that the deal with Occidental came together in a matter of days, Buffett told CNBC's Becky Quick he received a request to meet with Occidental through Bank of America CEO Brian Moynihan last Friday, met with the driller's CEO Vicki Hollub on Sunday morning, and agreed to the deal within about an hour.
Occidental did not return a request for comment.