Oil could rise $10 per barrel after drone attack reportedly forces Saudi to cut output in half
CNBC
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, reportedly forcing the kingdom to cut its oil output in half.
September 14th 2019, 4:49 pm
US blames Iran for strikes on Saudi oil sites: 'Unprecedented attack on world's energy supply'
CNBC
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.
September 14th 2019, 4:49 pm
The US-China trade war has set in motion an unstoppable global economic transformation
CNBC
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.
September 14th 2019, 12:29 pm
Trump says he discussed a mutual defense treaty with Israeli Prime Minister Benjamin Netanyahu
CNBC
September 14th 2019, 11:29 am
Saudi Arabia reportedly shuts down half its oil production after drone attack
CNBC
September 14th 2019, 10:57 am
Osama bin Laden's son Hamza was killed in a US counterterrorism operation, Trump says
CNBC
U.S. officials learned that Hamza bin Laden was dead in July. He was killed sometime during the first two years of Trump's presidency, but details on the strike are still unclear.
September 14th 2019, 10:28 am
This investor has found a way to navigate and make money in volatile Latin American stocks
CNBC
Luiz Maria Ribiero manages the DWS Latin America Equity fund (SLARX), which is up nearly 20% this year.
September 14th 2019, 8:55 am
Drone attacks strike major Saudi Aramco facility, oilfield
CNBC
Drone attacks targeted a major Saudi Aramco processing facility and oilfield in eastern Saudi Arabia Saturday, the Interior Ministry said, sparking a huge fire at one of the sites before dawn.
September 14th 2019, 1:36 am
Elon Musk is not the problem at Tesla — blame the people around him
CNBC
Authors Rob Shelton and Marc J. Epstein, Ph.D, explain how to deal with maverick leaders like Elon Musk.
September 14th 2019, 12:35 am
Hong Kong protesters plan mall sit-ins, gathering outside British consulate
CNBC
Hong Kong pro-democracy activists plan sit-ins at shopping malls and student rallies on Saturday after a night in which protesters took to the hills to form lantern-carrying human chains, the latest demonstrations in months of unrest.
September 13th 2019, 10:35 pm
It seems a no-deal Brexit is going to happen, Finland's Prime Minister says
CNBC
A no-deal Brexit looks likely, Finland's Prime Minister Antti Rinne told CNBC Friday, though he is still hopeful that both sides of the English Channel will have good relations going forward.
September 13th 2019, 8:06 pm
Apple disputes negative Goldman call hitting the stock, says TV+ will not have 'material impact'
CNBC
Apple told CNBC in a statement that it does not expect the launch of Apple TV+ "to have a material impact on our financial results," as Goldman estimated.
September 13th 2019, 8:06 pm
Goldman Sachs just dramatically cut its outlook for Apple, predicts 26% downside
CNBC
Goldman Sachs believes Apple faces a "material negative impact" on earnings for the accounting method it will use for an Apple TV+ trial.
September 13th 2019, 8:06 pm
Italian tax police place under home arrests Atlantia's units officials
CNBC
Italian tax police have placed under home arrest three officials of infrastructure group Atlantia's units in an inquiry into falsified reports over motorway viaducts' safety checks.
September 13th 2019, 8:06 pm
London Stock Exchange rejects Hong Kong takeover offer
CNBC
London Stock Exchange has rejected Hong Kong Exchange's $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group Refinitiv.
September 13th 2019, 8:06 pm
Cyberattacks against US helped fund North Korea's weapons program, feds say
CNBC
Those groups are "responsible for North Korea's malicious cyber activity on critical infrastructure," the Treasury said in a news release.
September 13th 2019, 8:06 pm
EU goods trade surplus with US and deficit with China widen
CNBC
The European Union's trade surplus in goods with the United States and its deficit with China both increased in the first seven months of 2019, figures that could add extra strain to global tensions.
September 13th 2019, 8:06 pm
'The most important chart in the world' offers a warning sign for stocks
CNBC
The benchmark 10-year Treasury note yield tested 1.5% in late August and early September. Another challenge could signal tough times.
September 13th 2019, 8:06 pm
The most popular drinks at one of Britain's biggest pub groups are non-alcoholic
CNBC
JD Wetherspoon reported a rise in full year pre-tax profit on Friday, defying intensifying Brexit uncertainty.
September 13th 2019, 8:06 pm
Disney CEO Bob Iger resigns from Apple board
CNBC
Disney's forthcoming Disney+ will compete with Apple's Apple TV+ in the online streaming service market.
September 13th 2019, 8:06 pm
Jamie Dimon says JP Morgan is preparing for the risk of zero rates in the US
CNBC
Dimon, chairman and CEO of J.P. Morgan, was speaking Tuesday at a conference in New York.
September 10th 2019, 7:40 pm
What Bolton's exit means for the oil market
CNBC
The exit of National Security Advisor John Bolton from the White House makes it less likely the situation between the U.S. and Iran will escalate to a military conflict, analysts said.
September 10th 2019, 7:40 pm
The most important feature of the new iPhone 11 is its price
CNBC
Two years after Apple broke new high-end ground with its first $1000 iPhone, Apple has reduced the price of its least expensive current iPhone.
September 10th 2019, 7:40 pm
Stocks in Asia set to trade higher following muted session on Wall Street
CNBC
Shares of Apple suppliers in Asia will be watched today for any market reaction to the unveiling of the Cupertino-based tech giant's products on Tuesday.
September 10th 2019, 7:40 pm
Apple's original TV service will cost $4.99 a month and launch Nov. 1
CNBC
Apple released new details for its new product, Apple TV+, as it enters the increasingly competitive streaming space.
September 10th 2019, 2:19 pm
Apple unveils iPhone 11 Pro
CNBC
Apple is hosting its annual September product launch on Tuesday and is expected to unveil new iPhones and Apple Watches, among other announcements.
September 10th 2019, 2:19 pm
Benjamin Netanyahu announces post-election plan to annex part of occupied West Bank
CNBC
Israeli Prime Minister Benjamin Netanyahu announced his intention on Tuesday to annex the Jordan Valley in the occupied West Bank if he wins next week's general election.
September 10th 2019, 1:34 pm
EU begins rethinking fiscal rules as economy slows
CNBC
The European Union is bracing for a review of its strict fiscal rules as the bloc's economy slows, while monetary stimulus is seen as being close to its limits, according to an EU document and officials.
September 10th 2019, 12:04 pm
UK business department says a quarter of its staff is working on Brexit
CNBC
Around a quarter of staff at Britain's business department are working on the country's exit from the European Union, the department said in response to a Freedom of Information request.
September 10th 2019, 11:32 am
Students made fun of a boy's homemade football shirt — but now it's official merchandise
CNBC
When an elementary student brought a homemade football shirt to school for college colors day, his classmates made fun of him — even causing him to cry. But now copies of the makeshift shirt have been made by his team, the Tennessee Vols.
September 10th 2019, 10:30 am
Iraq will cut oil production, comply with OPEC cuts 'this month,' minister says
CNBC
The second-largest crude producer in the 14-member OPEC organization is often labeled a 'problem child' for chronically overproducing.
September 10th 2019, 10:30 am
Self-driving trucks are being tested on public roads in Virginia
CNBC
Technology is transforming the way cars and trucks operate.
September 10th 2019, 10:30 am
EDF warns that some of its French nuclear plants have substandard welding
CNBC
Shares of the state-owned power company slipped almost 7% after the firm issued a statement.
September 10th 2019, 9:14 am
George Soros offers rare praise for Trump and how he's handled Huawei in the trade war
CNBC
In an op-ed Tuesday, liberal financier George Soros said Huawei should not be removed from the U.S. entity list without Congress' consent.
September 10th 2019, 9:00 am
Nissan's abrupt CEO exit complicates turnaround efforts as corruption scandal spreads
CNBC
Suddenly, Nissan CEO Hiroto Saikawa — who ordered the investigation into his former mentor — finds himself in the spotlight and standing accused of pocketing excess pay, too.
September 10th 2019, 8:30 am
JP Morgan takes on Stripe and Square with faster payments for merchants
CNBC
Same-day deposits could give JP Morgan an edge as it faces fintech competitors that have taken the payments world by storm.
September 10th 2019, 8:30 am
Prosecutors raid Commerzbank offices over share-trading scam
CNBC
Prosecutors on Tuesday raided offices of Germany's Commerzbank as part of a broader investigation into a fraudulent share-trading scheme, the Cologne public prosecutor's office said.
September 10th 2019, 7:59 am
Johnny Depp says there was no 'dishonorable' intent after Dior perfume ad backlash
CNBC
Movie star Johnny Depp defended his role in an ad campaign for Parfums Christian Dior's "Sauvage" perfume after it was accused of cultural appropriation.
September 10th 2019, 7:30 am
Amazon and Roku are bringing their streaming rivalry to Europe
CNBC
Amazon's Fire TV and Roku are expanding into key European markets like the U.K. and Germany.
September 10th 2019, 6:54 am
'Expect some volatility' in oil price as US output flows back, IHS Markit's Yergin says
CNBC
A glut of U.S. shale oil and lackluster demand will create volatility for oil markets, according to Dan Yergin, IHS Markit's vice chairman.
September 10th 2019, 6:41 am
Margrethe Vestager is set to remain EU competition chief for another five years
CNBC
Margrethe Vestager has been named as the next head of competition policy for the EU, meaning she will continue to oversee investigations into major technology firms.
September 10th 2019, 6:41 am
UK Parliament is now suspended as Brexit crisis boils over: Here's what could happen next
CNBC
With the U.K Parliament now shuttered for five weeks and the recent political turmoil throwing up more questions than answers.
September 10th 2019, 5:42 am
Egypt's petroleum minister advocates business over politics in gas-rich East Mediterranean
CNBC
Egypt's petroleum minister praised the "practical and pragmatic" approach to energy security among countries signed up to the Eastern Mediterranean Gas Forum.
September 10th 2019, 4:41 am
Greece's Tsipras has a message for the new prime minister: Take advantage of what we did
CNBC
Former Greek Prime Minister Alexis Tsipras has told his main political rival to make good use of what he achieved over the last four years.
September 10th 2019, 4:24 am
China will win the trade war and wean off American technology in 7 years, strategist says
CNBC
"China will never trust the United States again, and it will achieve its technology independence within seven years," said David Roche, Independent Strategy's president and global strategist.
September 10th 2019, 3:42 am
Saudi Aramco CEO confirms IPO will have a secondary listing, locations under review
CNBC
The initial public offering (IPO) of the world's biggest oil company will take place whenever shareholders decide, according to the firm's CEO and president.
September 10th 2019, 3:24 am
Ireland 'highly skeptical' of UK ideas for contentious Brexit backstop issue
CNBC
Ireland's finance minister warned that the country's government remains "highly skeptical" about proposals advocated by Britain's prime minister.
September 10th 2019, 3:11 am
Chinese yuan could hit 7.3 per dollar by the end of the year, CLSA says
CNBC
CLSA Chief Economist Eric Fishwick told CNBC on Monday the Chinese yuan could reach 7.3 per dollar by the end of 2019 as the trade war drags on.
September 10th 2019, 2:41 am
Cloud computing could be the 'next frontier' for Alibaba
CNBC
Amazon's cloud business has become a huge profit driver for the company. Analysts see the same happening for Alibaba's cloud computing arm.
September 10th 2019, 1:41 am
China's pork prices surge 47% in August amid swine fever outbreak
CNBC
Pork prices in China soared 46.7% year-on-year in August, as the pork shortage in the country worsened on the protracted swine fever outbreak which has killed millions of hogs.
September 9th 2019, 11:52 pm
Huawei drops one of its lawsuits against the US after its seized equipment was returned
CNBC
In 2017, U.S. authorities confiscated Huawei gear which was on its way back to China from California, in relation to whether the gear required a specific export license.
September 9th 2019, 11:07 pm
Hong Kong leader Carrie Lam says escalation of violence cannot solve social issues
CNBC
Hong Kong leader Carrie Lam said on Tuesday an escalation of violence cannot solve social issues in the Chinese-ruled city and that she deeply regrets foreign parliaments' interference in the financial hub's matters.
September 9th 2019, 10:37 pm
China's August producer prices shrink the most in 3 years
CNBC
The producer price index, a key barometer of corporate profitability, dropped 0.8% from year earlier in August, National Bureau of Statistics said.
September 9th 2019, 10:22 pm
Asia could be the driving force of the world economy, says Oxford professor
CNBC
The "robust" growth of emerging markets has been the linchpin holding up the global economy at a time when advanced countries are threatening to unravel it, according to Oxford professor Ian Goldin.
September 9th 2019, 10:07 pm
Jack Ma steps down as Alibaba's chairman. Here are key moments in the company's history
CNBC
Jack Ma, with 18 others, founded Alibaba in 1999 and worked out of his apartment. CNBC takes a look at the key moments in Alibaba's history.
September 9th 2019, 9:22 pm
Asia stocks set to trade mixed as investors await Chinese inflation data
CNBC
China's Consumer Price Index and Producer Price Index for August is set to be released at 9:30 a.m. HK/SIN.
September 9th 2019, 8:02 pm
North Korea fires two unidentified projectiles, says South Korean military
CNBC
The launches came immediately after North Korea said on Monday it was willing to restart nuclear talks with the United States in late September.
September 9th 2019, 8:02 pm
UK leader Boris Johnson loses second bid to hold an early election
CNBC
Opposition parties had already agreed that they would not approve Johnson's motion to hold an early election.
September 9th 2019, 7:49 pm
Watch Tesla drivers apparently asleep at the wheel, renewing Autopilot safety questions
CNBC
In videos shared online and with CNBC, Tesla drivers were caught apparently asleep at the wheel, a violation of the company's terms of use for Autopilot.
September 9th 2019, 6:34 pm
SoftBank reportedly asks WeWork to shelve IPO
CNBC
SoftBank, WeWork's biggest outside investor, is urging the startup to shelve its initial public offering, according to a Monday report from the Financial Times.
September 9th 2019, 6:34 pm
Stocks are expected to break out to new highs, barring any errant presidential trade tweets
CNBC
The stock market is itching to make new highs, and it may soon, as long as progress continues to appear to be made on the trade war front.
September 9th 2019, 4:50 pm
Google faces a new antitrust probe by 50 attorneys general
CNBC
The news follows the announcement of a joint state Facebook probe led by the attorney general of New York.
September 9th 2019, 2:49 pm
No real recovery in sight for China, VW CEO says
CNBC
Herbert Diess tells CNBC that sales in the United States are improving slightly but China's slowdown continues.
September 9th 2019, 2:19 pm
UK parliament Speaker John Bercow announces he will quit
CNBC
Britain's House of Commons Speaker John Bercow, who played a key role in the three-year Brexit crisis, said on Monday he would stand down from the role.
September 9th 2019, 1:14 pm
Sterling shrugs as UK leader Johnson suspends Parliament for 5 weeks
CNBC
Market focus is firmly on U.K. Prime Minister Boris Johnson's next move.
September 9th 2019, 12:42 pm
Netanyahu says Iran had another secret nuclear weapons development site
CNBC
Israeli Prime Minister Benjamin Netanyahu said on Monday that Tehran had been developing nuclear weapons at a secret site in Abadeh in Iran.
September 9th 2019, 12:42 pm
BMW CFO wants politicians to offer 'sensible solution' on trade war
CNBC
Nicolas Peter said BMW was well positioned to cope with tariffs but hoped Beijing and Washington could avoid further levies.
September 9th 2019, 11:46 am
Nissan CEO Saikawa to step down on September 16
CNBC
Nissan's embattled CEO will step down on September 16 and will be temporarily replaced by Chief Operating Officer Yasuhiro Yamauchi.
September 9th 2019, 8:57 am
AT&T jumps 9% after activist Elliott Management takes $3.2 billion stake, sees stock worth $60
CNBC
AT&T jumps after Elliott Management announces one of its largest investments ever and proposes a number of changes to improve stock value.
September 9th 2019, 8:26 am
Rolling Stones' Mick Jagger attacks US for reneging on environmental measures
CNBC
Rolling Stones frontman Mick Jagger has criticized the U.S. administration for going "the other way" on environmental control measures.
September 9th 2019, 8:26 am
UK parliament to be suspended on Monday until October: PM Johnson's spokesman
CNBC
The U.K. Prime Minister reiterated his position on Monday that the U.K. will definitely leave the European Union at the end of October.
September 9th 2019, 7:57 am
EU-Swiss trading dispute has Brexit implications, says Swiss stock exchange boss
CNBC
A stock exchange dispute between Switzerland and the European Union could be a sign of things to come for the U.K., according to the CEO of Switzerland's biggest exchange.
September 9th 2019, 7:57 am
Maintaining separation between Aramco and its regulator is a 'must,' Saudi energy minister says
CNBC
New Saudi Energy Minister Prince Abdulaziz bin Salman has underlined the importance of regulation for Saudi Aramco.
September 9th 2019, 7:57 am
Eni CEO: 'You have to give energy but a different kind of energy'
CNBC
Claudio Descalzi was speaking to CNBC at the World Energy Congress in Abu Dhabi.
September 9th 2019, 7:12 am
OPEC+ deal can last 'until death do us part,' Saudi energy minister says
CNBC
OPEC's deal to curb oil production with non-OPEC allies, including Russia, can last the test of time, Saudi Arabia's new energy minister said.
September 9th 2019, 6:42 am
Analysts divided on ECB stimulus prospects amid conflicting tones from officials
CNBC
Analysts are split over what to expect from the European Central Bank (ECB) week, after central bank officials moved to downplay market expectations of immediate and substantial quantitative easing (QE).
September 9th 2019, 5:24 am
The 'Apple of China' expanded into 80 new markets in four years. Here's how Xiaomi grew so rapidly
CNBC
Since its first overseas foray into Brazil in 2015, Xiaomi has expanded rapidly internationally and is now in more than 80 markets, according to IDC.
September 9th 2019, 5:12 am
US charges Chinese professor in latest shot at Huawei
CNBC
U.S. prosecutors have charged a Chinese professor with fraud for allegedly taking technology from a California company to benefit Huawei, in another shot at the embattled Chinese telecommunications equipment maker.
September 9th 2019, 5:12 am
Saudi Arabia's new energy minister won't bring major change, but faces a hard road ahead
CNBC
"There is no responsible move any Saudi could make at present to push up oil prices," one oil expert said, highlighting the price challenges ahead for OPEC's crude producers.
September 9th 2019, 5:12 am
German export rise gives flagging economy glimmer of hope
CNBC
The Federal Statistics Office said seasonally adjusted exports rose 0.7% on the month while imports fell 1.5%.
September 9th 2019, 5:12 am
Russia's ruling party loses a third of seats in Moscow election after protests
CNBC
Russia's ruling United Russia party, which supports President Vladimir Putin, has lost a slew of seats in the Moscow parliament, RIA news agency said on Monday, suggesting a tactical voting strategy pushed by opponents may have worked.
September 9th 2019, 3:54 am
India's foreign minister says removing Kashmir's special status will help the state grow
CNBC
Indian foreign minister Subrahmanyam Jaishankar told CNBC Jammu and Kashmir had a socio-economic misalignment with the rest of the country.
September 9th 2019, 3:54 am
British Airways pilots ground planes in unprecedented 48-hour strike
CNBC
The British Airline Pilots Association (BALPA) last month gave the airline notice of three days of industrial action in September, in the first ever strike by BA pilots.
September 9th 2019, 3:22 am
Oil markets want to see the 'strength' of Saudi Arabia's commitment to OPEC deal, Helima Croft says
CNBC
All eyes will now be on Saudi Arabia's new energy minister to see if the country will stay the course on stabilizing global crude markets, oil market expert Helima Croft said.
September 9th 2019, 2:54 am
Elizabeth Warren's fracking ban plan would be bad news for the US, IEA chief says
CNBC
Fatih Birol, executive director of the IEA, told CNBC that a ban on fracking would have "major implications" for the U.S. energy industry.
September 9th 2019, 2:07 am
US wants energy dominance regardless of what happens to oil prices, deputy energy secretary says
CNBC
The U.S. deputy energy secretary told CNBC that America wants to achieve energy dominance regardless of what happens to oil prices.
September 9th 2019, 1:37 am
Singapore stocks offer 'good yield' despite trade war jitters
CNBC
The trade war may be hurting Singapore's economy, but the country's stocks remain relatively attractive compared to the rest of Asia, analysts say.
September 9th 2019, 1:37 am
Apple says that claims it broke Chinese labor laws in iPhone factory are mostly 'false'
CNBC
Apple said: "We did find during our investigation that the percentage of dispatch workers exceeded our standards and we are working closely with Foxconn to resolve this issue."
September 9th 2019, 12:07 am
'Gold is the way to go' as interest rates fall, says Mark Mobius
CNBC
Veteran investor Mark Mobius is bullish on gold as central banks around the world cut interest rates.
September 8th 2019, 11:21 pm
Rafael Nadal beats Daniil Medvedev to win US Open and claim 19th Grand Slam title
CNBC
Rafael Nadal held off a strong comeback bid to win his 19th Grand Slam title by edging Daniil Medvedev 7-5, 6-3, 5-7, 4-6, 6-4 in a thrilling U.S. Open final that lasted nearly five hours Sunday.
September 8th 2019, 10:03 pm
Japan's second-quarter GDP grows at slower pace on weaker capital spending
CNBC
Japan's economy grew an annualized 1.3% in April-June, weaker than the preliminary reading for 1.8% annualized growth, Cabinet Office data showed Monday. The reading was in line with the economists' median forecast.
September 8th 2019, 9:32 pm
Hong Kong police fire tear gas as protesters vandalize the city after thousands appeal to Trump
CNBC
Hong Kong police fired tear gas to disperse protesters in the upmarket Causeway Bay shopping district on Sunday, after demonstrators had rallied at the U.S. Consulate calling for help in bringing democracy to the Chinese-ruled city.
September 8th 2019, 8:20 pm
JP Morgan has created an index to track the effect of Trump's tweets on financial markets
CNBC
President Trump's market-moving tweets most often address trade and monetary policy, with keywords including "China," "billion" and "products."
September 8th 2019, 8:20 pm
Asia stocks set to trade mixed as China's exports to the US fall
CNBC
Chinese customers data showed the country's exports unexpectedly fell in August, pointing to further weakness in the world's second-largest economy.
September 8th 2019, 8:20 pm
US Treasury warns shipping industry against Iran business and 'oil-for-terror' networks
CNBC
The Treasury is warning those in the maritime industry to be wary of involvement with regimes or entities that have been deemed terror sponsors by the U.S. — or face steep costs.
September 8th 2019, 5:47 pm
J.P. Morgan is close to winning a lead role in history's biggest IPO: Saudi Aramco
CNBC
J.P. Morgan won the lead advisory role for the initial public offering of Saudi Aramco, the world's most profitable corporation.
September 8th 2019, 12:58 pm
China's exports to US are falling sharply as Trump escalates trade war
CNBC
China's exports unexpectedly fell in August as shipments to the U.S. slowed sharply, pointing to weakness in the world's second-largest economy.
September 8th 2019, 11:43 am
Ukraine-Russia prisoner swap is opportunity to resolve crisis: French minister
CNBC
Russia and Ukraine swapped dozens of prisoners on Saturday in a carefully-negotiated rapprochement
September 8th 2019, 11:43 am
Brexit secretary calls for 'creative' approach from EU to secure a deal before October deadline
CNBC
The U.K.'s Brexit Secretary Stephen Barclay called for a "creative" approach from the EU to fix the current impasse between London and Brussels.
September 8th 2019, 6:38 am
UK Work and Pensions Secretary Amber Rudd quits government in Brexit protest
CNBC
"I cannot stand by as good, loyal moderate Conservatives are expelled. I have spoken to the PM and my association chairman to explain," Rudd said on Twitter.
