Josh Edelson | AFP | Getty Images People try out the new iPhone X during a media event at Apple’s new headquarters in Cupertino, California on September 12, 2017. The iPhone cycle will disappoint this year, according to one Wall Street analyst, who issued a rare downgrade of one of …

Yohei Kanasashi | AFP | Getty Images Chinese President Xi Jinping (R) shows the way to Sao Tome’s Prime Minister Patrice Trovoada ahead of their meeting at the Great Hall of People in Beijing on April 14, 2017. According to the state-run news agency, Botelho said that Chinese companies are …

The U.S. government could shut down later this week and that could spell trouble for investors in the near term, history shows. CNBC analysis using Kensho found that the S&P 500 falls an average of 0.3 percent one week after the government closes its doors. The benchmark index also trades …

Christopher Goodney | Bloomberg | Getty Images Brian Moynihan, Bank of America Bank of America was scheduled to report fourth quarter earnings Wednesday before the opening bell. Analysts polled by Thomson Reuters expected the bank to report: Earnings per share of 44 cents. Revenue of $21.531 billion. Bank of America …

Keeping with the trend, the Permian Basin in Texas and New Mexico will account for most of the gains. EIA sees Permian drillers increasing their output by 76,000 barrels a day. Another Texas shale oil region, the Eagle Ford, is expected to chip in growth of 15,000 barrels a day. …

Ari Jalal | Reuters An Iraqi soldier holds an Islamic State flag during a battle with Islamic State militants, north of Mosul, Iraq. Many Iraqis from war-battered areas are desperate to sell old cars, and as Iraqi forces have driven IS back over the past three years, more and more …

Krisztian Bocsi | Bloomberg | Getty Images The stars of the European Union sit on banners flying outside the European Central Bank headquarters in Frankfurt, Germany, on July 20, 2017. It would be “appropriate” for the European Central Bank to stop its bond purchases, due to run at least until …

studioEAST | Getty Images US dollar and China Yuan arranged for a photograph on September 7, 2017. China’s central bank set its official yuan midpoint at a more than two-year high on Wednesday at 6.4335 per dollar, underpinned by a solid spot yuan performance a day earlier and broad dollar …

Stephen Lam | Reuters David Marcus, vice president of Messaging Products at Facebook, speaks on stage during the annual Facebook F8 developers conference in San Jose, California, April 18, 2017. The Facebook executive leading its messaging products said the company will streamline its Messenger app this year because its design …

Damir Sagolj | Reuters Student protest leader Joshua Wong shouts as he is carried by policemen as protesters are arrested at a monument symbolizing the city’s handover from British to Chinese rule, a day before Chinese President Xi Jinping is due to arrive for the celebrations, in Hong Kong, China …