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News Update – Pre-Markets

CNBC brings you fast, accurate, and actionable business news and market updates.

Source: CNBC.com

Will buyers go for the iPhone 8 or the iPhone X?

Debating whether consumers will be flocking to the iPhone 8 available to pre-order today or wait around for the iPhone X, with Dan Ackerman, CNET.com, and Natt Garun, The Verge.

Source: CNBC.com

Apple begins taking orders for iPhone 8

CNBC's Josh Lipton reports on the start of the pre-order process for Apple's iPhone 8 models.

Source: CNBC.com

Assurant CEO: Gross Hurricane losses to exceed $125 million pre-tax retention

Assurant CEO Alan Colberg discusses his company's preliminary loss estimates from Hurricanes Irma and Harvey.

Source: CNBC.com

Silicon Valley's quirky politics recall the railroad boom of pre-Civil War America: Study

Silicon Valley's politics are hard to define and have roots in pre-Civil War America, according to a Stanford study.

Source: CNBC.com

Oil prices surge to three-week high as refineries restart after Harvey

Oil and gasoline prices snapped back to pre-Hurricane Harvey levels, but Hurricane Irma could cut demand for fuel.

Source: CNBC.com

Putin says pressure on North Korea is both ‘futile’ and a ‘dead-end road’

Russian President Vladimir Putin urged the U.S. and others to avoid going down a "dead-end road" with North Korea on Friday, adding only dialogue without pre-conditions could resolve the crisis.

Source: CNBC.com

Fed's Mester says central bank needs to be 'pre-emptive' of rising inflation

Cleveland Fed President Loretta Mester says the Fed should stay on its path of monetary policy tightening, despite some recent weakness in economic data.

Source: CNBC.com