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Chinese President Xi Jinping is set to make rare state visits to Egypt and, likely India, before his expected trip to the U.S. in late September.

BEIJING — The U.S. is threatening to cut businesses that help Iran evade sanctions off from the American financial system. It puts China's banks in an uncomfortable position: Beijing can reject the demands, but its biggest lenders still have strong incentives to preserve access to U.S. dollars.

Former JPMorgan Chase executive Matt Zames will join the Trump administration as an advisor to the Social Security agency, CNBC has learned.

There's something telling in how the smart money on Wall Street has started to think about socialism. The moral of the story isn't really about socialism, though, but about the very real pain in store for American households from the bond market if the actually-in-charge capitalists don't get their act together.