Iran's Revolutionary Guard says it seized a British tanker in the Strait of Hormuz, claiming it failed to follow international marine regulations.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed's meeting at the end of the month.Market Insiderread more
Executives from United Airlines and American Airlines were "shocked" that state-owned airline Qatar Airways CEO Akbar Al Baker was also invited to the meeting, according to a...Airlinesread more
Earlier this week, a lawyer said Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, had "improper sexual contact" with at least one woman under the...Politicsread more
Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was...Retailread more
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Goldman Sachs is merging four separate private-investment groups into one unit in an attempt to generate steadier income and make itself more attractive to investors, The Wall Street Journal reported Sunday.
The new division, which combines units investing in private companies, real estate and "other hard-to-access deals," is expected to command roughly $140 billion in assets, the Journal reported, citing people familiar with the matter.
It will reportedly take shape over a period of several months.
The newspaper wrote that Goldman's executives are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its stagnant stock price.
Goldman is also planning a fundraising blitz to raise money from outside investors, rather than putting up its own money as it had done in past private-equity ventures, people briefed on those plans told the Journal.
The plan to reshape Goldman's private-investing strategy "will be a multiyear effort to evolve this business into more fee revenue and a more balanced business mix," Goldman President John Waldron reportedly said at an industry conference last month.