Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
The United States could end its reliance on OPEC oil in just a few years, energy entrepreneur T. Boone Pickens told CNBC on Monday. While energy independence in America is "in sight," it could have happened sooner, he added.
"We're down to 4 million barrels a day of OPEC oil [from 7 million] … and we can knock that out within the next three years," Pickens said in a "Squawk Box " interview. "All you have to do is switch natural gas over to the heavy-duty trucks."
Tuesday marks six years since he launched his "Pickens Plan. " Originally unveiled on "Squawk Box" in 2008, it calls for the U.S. to move away from foreign oil and embrace booming domestic natural gas supplies to fuel transportation needs.
Despite pretty broad support, the "Pickens Plan" failed to get Congress and President Barack Obama to act.
"If [Washington] had gone with me six years ago, you figure you could probably had the job done in three to four years," Pickens argued. "If that were the case, you would have cut out 75 percent of OPEC, because 8 million trucks converted to natural gas off of diesel is 3 million barrels a day."
With more than a half century of experience in the oil and nat gas industry, Pickens spent most of his career building Mesa Petroleum into a powerhouse. After selling Mesa in 1996, he founded BP Capital Management, a hedge fund focusing on investments in the energy industry.
—By CNBC's Matthew J. Belvedere