Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Crude oil prices tumbled into the close Thursday, while energy stocks saw a slight bounce on news that Halliburton was looking to acquire Baker Hughes. That provided a variety plays, the CNBC "Fast Money " traders said.
"It's fantastic if you're driving a giant SUV. That's fantastic. But actually if you're a roughneck in the middle of Texas, I'd be a little concerned at this point in time," Brian Kelly of Brian Kelly Capital said. "I think with the Baker Hughes news, that doesn't necessarily put a bottom in oil, but it may put a bottom in the oil-service stocks because everybody will be out there, betting who's next. And they actually have diverged from oil, if you noticed, since the middle of October."
Kelly said that his play would be Occidental.
"Harold Hamm, he's in the news now, but he took off all the hedges. So, this means he's all in," he said. "This company is completely levered to the price of oil. And right here at $52, I'd buy it."
Crude oil closed down $2.97 at $74.21 per barrel, its lowest since September 2010.
Private Advisor Group's Guy Adami said that Schlumberger was worth a look.
"This Baker Hughes deal, you wonder if it gets through the Justice Department," he said. "On selloff today, given what's happened, SLB looks interesting."
Dan Nathan of RiskReversal.com said he wouldn't chase oil stocks based on the merger talk.
"To me, this isn't exactly a deal out of a position of strength," he said. "To me, it looks like a proposed deal out of a position of weakness."
Crude oil likely has further to fall, TradeMonster's Pete Najarian said.
"Even today, take a look at the price action in oil. That does not look like a demand issue to me. I didn't see any releases about demand falling off or anything like that," he said. "I still contend that it has all to do with guys that have been levered up, and there's margin calls being called. And you see these huge moves in oil you don't normally see."