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
Britain's ambassador to the United States described President Donald Trump's administration as "dysfunctional," "clumsy" and "inept," the Mail on Sunday newspaper reported, citing a series of confidential memos.
In memos to the British government which date from 2017 to the present, Kim Darroch said Trump "radiates insecurity" and advises officials in London that to deal with him effectively "you need to make your points simple, even blunt."
"We don't really believe this Administration is going to become substantially more normal; less dysfunctional; less unpredictable; less faction riven; less diplomatically clumsy and inept," Darroch wrote in one, according to the newspaper.
In others, the newspaper said he had described the administration as "uniquely dysfunctional" and that media reports about White House "knife fights" are "mostly true."
Darroch wrote that "we could also be at the beginning of a downward spiral, rather than just a rollercoaster: something could emerge that leads to disgrace and downfall."
But he also warned British officials not to write Trump off, saying there was a "credible path" to him winning a second term in office. He said Trump may "emerge from the flames, battered but intact, like (Arnold) Schwarzenegger in the final scenes of The Terminator."
The Foreign Office did not immediately respond to a request for comment. The Mail on Sunday cited a spokesman as saying that the public would expect diplomats "to provide ministers with an honest, unvarnished assessment of the politics in their countries."
"Their views are not necessarily the views of Ministers or indeed the Government. But we pay them to be candid," the spokesman was quoted as saying.
In a memo written last month, Darroch described confusion within the administration over Trump's decision to abort a military strike on Iran, and that the president citing the number of predicted casualties as the reason he had changed his mind "didn't stand up."
"It's more likely that he was never fully on board and that he was worried about how this apparent reversal of his 2016 campaign promises would look come 2020," Darroch wrote, adding that Trump could still trigger a conflict with Iran.
"Just one more Iranian attack somewhere in the region could trigger yet another Trump U-turn. Moreover, the loss of a single American life would probably make a critical difference."
During a state visit to Britain last month, Trump was effusive about the "special relationship" between the United States and Britain, promising a "phenomenal" trade deal after Britain leaves the European Union.
The Mail on Sunday reported that in a message sent after that visit, Darroch said that the president and his team had been "dazzled" by the visit and Britain might be "flavour of the month" but "this is still the land of America First."