Aon CEO says insurance broker seeks to build 'premiere middle market platform' with purchase of rival USI
Insurance broker Aon announced on Monday it will purchase rival USI Insurance Services from private equity firm KKR.
Finance & markets
Santoli: Why investors should be on high alert heading into September
In markets as in movies, suspense builds through the slow, quiet scenes of the second act.
Advanced AI threatens global financial stability, says Bank of England boss
Andrew Bailey warns G20 members about risk of cyber-disruption spreading ‘across jurisdictions’
China's Xi builds diplomatic clout with multiple state visits ahead of Trump summit
Xi has "sharply curtailed foreign travel in recent years, so his busy upcoming travel schedule is a significant gauge of his priorities," Gabriel Wildau, managing director at Teneo, told CNBC in an email.
Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances
The S&P 500 Index ($SPX) (SPY) closed down by -0.25% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.70%. E-mini S&P futures (ESU…
Russia preparing 'massive strikes' on Ukraine's energy sites after deadliest attack of the year
Russia's Defense Ministry said it is planning "massive strikes" on Ukraine's energy infrastructure, days after launching a devastating attack on a warehouse near Kyiv, amplifying fears of another winter assault.
France is becoming the ‘poster child’ of sovereign debt problems as government borrowing costs hit near 2008 highs
France's deteriorating public finances and political deadlock are becoming a growing concern for bond investors, with borrowing costs near financial-crisis-era highs as another difficult budget battle looms.
U.S.-Iran escalation shows Washington's frustration with slow-moving sanctions
The escalation in hostilities between the U.S. and Iran over the weekend shows the U.S. is running out of patience with the slower-moving sanctions approach, according to analysts.
U.S. stock futures slip as chances of rate hike rise after Warsh’s Jackson Hole comments
U.S. stock-index futures declined on Sunday, as investors ponder the likelihood of a fresh interest-rate hike and look ahead to fresh labor data and tech earnings this week.
BYD shares slide as fierce China competition dents first-half earnings
Shares of Chinese electric-vehicle giant BYD fell nearly 5% in Hong Kong on Monday, following the release of its interim results on Friday.
Asia stocks slip on growing Fed hike bets, fresh Middle East tensions
Global benchmark Brent edged higher to $91.15 a barrel after President Donald Trump said he wasn’t interested in extending the expiring agreement with Iran and fighting flared anew in Lebanon.
Jackson Hole analyst roundup: Warsh's speech sends hike chances higher, may put Fed `at odds' with Treasury
Federal Reserve Chair Kevin Warsh's stance in his speech at the Jackson Hole meeting was unexpectedly hawkish, boosting market expectations for a rate hike next month.
Goldman Sachs sends blunt message on oil price, economy
Brent crude rose from $72 in late February to above $118 in March when the Strait of Hormuz effectively closed.
U.S., Iran trade attacks as hostilities escalate once again
American forces struck two Iranian rocket launchers on Larak Island on Sunday after the military said Revolutionary Guard forces were preparing rockets carrying sea mines for launch into the Strait of Hormuz, U.S. Centr…
Oil rises over 1% after U.S. forces strike two Iranian rocket launchers on Larak Island
Oil rose Monday, amid heightened concerns over supply disruptions after U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday.
K-beauty giant APR's shares up 100% this year ahead of U.S. Costco launch in September
Shares of South Korean beauty company APR have surged nearly 100% this year as the K-beauty company rapidly expands its presence in the U.S.
Aon nears $17 billion deal to buy insurance broker USI from KKR, WSJ reports
Aon is nearing a roughly $17 billion deal, including debt, to acquire insurance brokerage USI from private-equity firm KKR, The Wall Street Journal reported Sunday.
Trump-promoted Freedom Fuel stations sold gas a distributor says went unpaid for
The Freedom Fuel Network made national headlines back in July when President Donald Trump praised the gas station chain for selling fuel at steeply discounted prices. A lawsuit by a Georgia-based fuel supplier alleges t…
Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances
The S&P 500 Index ($SPX) (SPY) closed down by -0.25% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.70%. E-mini S&P futures (ESU…
Trump criticizes NBC over election comment as Treasury denies some NYT, WSJ and Bloomberg reporters G20 credentials
President Donald Trump on Sunday lashed out at NBC News "Meet the Press" host Kristen Welker, suggesting she would be reported to the Federal Communications Commission over her alleged characterization of election resul…
He beat Big Tobacco. Will the same playbook work against Meta and social media?
As a central figure who helped negotiate the blockbuster $246 billion tobacco master settlement in 1998, Mike Moore sees the writing on the wall for Meta and its social media rivals like TikTok and Google's YouTube.
Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances
The S&P 500 Index ($SPX) (SPY) closed down by -0.25% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.70%. E-mini S&P futures (ESU…
What new tariff walls in U.S.-Canada trade war mean for the economy's critical metals
As the U.S. and Canada stare down tens of billions of dollars in dueling tariff regimes as a result of President Trump's new trade war against the nation's second-biggest trading partner, companies, economists, and inve…
Icelanders reject reopening talks to join the EU despite Trump's Greenland threats
Icelanders voted to reject resuming talks to join the European Union, as issues such as domestic control over fishing appeared to override geopolitical security concerns.