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.
Business
Record Profits and AI Spending Are Making It Harder for Warsh to Stay Patient
The stock market loves a fresh narrative. Every time a new Federal Reserve chair takes office, investors immediately begin looking for clues about what comes next: lower rates, higher rates, easier money, tighter policy…
BofA sees continued inflation pressure on consumer staples
As we extended our lead over the S&P 500, we locked in big gains on several positions, added to new holdings and made other buys.
Kalshi partners with brokerage Alpaca as it tries to build its international audience
Prediction market platform Kalshi is working with brokerage and financial infrastructure startup Alpaca to bring its event contracts to an international audience.
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.
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.
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.
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.
Asia stocks slip on growing Fed hike bets, fresh Middle East tensions
Global benchmark Brent edged higher to $91.15 a barrel after President Donald Trump said he wasn’t interested in extending the expiring agreement with Iran and fighting flared anew in Lebanon.
Advanced AI threatens global financial stability, says Bank of England boss
Andrew Bailey warns G20 members about risk of cyber-disruption spreading ‘across jurisdictions’
BYD shares slide as fierce China competition dents first-half earnings
Shares of Chinese electric-vehicle giant BYD fell nearly 5% in Hong Kong on Monday, following the release of its interim results on Friday.
U.S. stock futures slip as chances of rate hike rise after Warsh’s Jackson Hole comments
U.S. stock-index futures declined on Sunday, as investors ponder the likelihood of a fresh interest-rate hike and look ahead to fresh labor data and tech earnings this week.
Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances
The S&P 500 Index ($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…
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.
China's factory activity shrinks for second straight month, contracting less than expected
China's manufacturing activity in August shrank for a second straight month, though by less than market estimates, keeping the pressure on Beijing to support the economy as growth loses momentum.
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…
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.
He beat Big Tobacco. Will the same playbook work against Meta and social media?
As a central figure who helped negotiate the blockbuster $246 billion tobacco master settlement in 1998, Mike Moore sees the writing on the wall for Meta and its social media rivals like TikTok and Google's YouTube.
What new tariff walls in U.S.-Canada trade war mean for the economy's critical metals
As the U.S. and Canada stare down tens of billions of dollars in dueling tariff regimes as a result of President Trump's new trade war against the nation's second-biggest trading partner, companies, economists, and inve…
Trump-promoted Freedom Fuel stations sold gas a distributor says went unpaid for
The Freedom Fuel Network made national headlines back in July when President Donald Trump praised the gas station chain for selling fuel at steeply discounted prices. A lawsuit by a Georgia-based fuel supplier alleges t…
Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances
The S&P 500 Index ($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…