The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Iran on Tuesday slammed the Trump administration over new U.S. sanctions targeting the Islamic Republic's supreme leader and other top officials, with the Foreign Ministry saying the measures spell "permanent closure" of diplomacy between Tehran and Washington.
President Donald Trump enacted the new sanctions on Monday against Ayatollah Ali Khamenei and his associates. U.S. officials also said they plan sanctions against Iranian Foreign Minister Mohammad Javad Zarif.
Iran's state-run IRNA news agency on Tuesday quoted Foreign Ministry spokesman Abbas Mousavi as saying that Trump's move means the end of diplomacy between the two countries.
"The fruitless sanctions on Iran's leadership and the chief of Iranian diplomacy mean the permanent closure of the road of diplomacy with the frustrated U.S. administration," Mousavi said.
Washington says the measures were taken to discourage Tehran from developing nuclear weapons and supporting militant groups. This comes amid heightened tensions between Iran and the U.S. over Tehran's unraveling nuclear deal with world powers.
Mousavi's statement echoed that of Iran's U.N. ambassador, Majid Takht Ravanchi, who warned on Monday that the situation in the Persian Gulf is "very dangerous" and said any talks with the U.S. are impossible in the face of escalating sanctions and intimidation. Meanwhile, the U.S. envoy at the United Nations, Jonathan Cohen, said the Trump administration's aim is to get Tehran back to negotiations.
The sanctions follow Iran's downing last week of a U.S. surveillance drone, worth over $100 million, over the Strait of Hormuz, an attack that sharply escalated the crisis in the Persian Gulf. After the downing of the drone, Trump pulled back from the brink of retaliatory military strikes but continued his pressure campaign against Iran.
Trump last year re-imposed sanction on Iran after pulling the U.S. out of the nuclear pact that world powers made with Tehran in 2015. Other nations stayed in the deal, which eased sanctions on Iran in exchange for curbing its nuclear program.
The latest round of sanctions denies Khamenei and senior Iranian military figures access to financial resources and blocks their access to any financial assets they have under U.S. jurisdiction.
Trump said the new sanctions are not only in response to the downing of the American drone. The U.S. has blamed Iran for attacks on two oil tankers this month near the Strait of Hormuz. Citing those episodes and intelligence about other Iranian threats, the U.S. has sent an aircraft carrier to the Persian Gulf region and deployed additional troops alongside the tens of thousands already there.
The sanctions were announced as U.S. Secretary of State Mike Pompeo was holding talks in the Middle East with officials in the United Arab Emirates and Saudi Arabia about building a broad, global coalition that includes Asian and European countries to counter Iran. Pompeo is likely to face a tough sell in Europe and Asia, particularly from those nations still committed to the 2015 nuclear deal.
Meanwhile, U.S. National Security Adviser John Bolton said Trump was open to real negotiations to eliminate Iran's nuclear weapons program and "all that Iran needs to do is walk through that open door."
Bolton was meeting with his Russian and Israel counterparts in a first-of-its-kind trilateral security summit in Jerusalem that was focused on Iranian involvement in conflicts across the region, particularly in neighboring Syria.
"As we speak, American diplomatic representatives are surging across the Middle East, seeking a path to peace. In response, Iran's silence has been deafening," he said. "There is simply no evidence that Iran has made the strategic decision to renounce nuclear weapons and open realistic discussions to demonstrate that decision."