Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Volatility in commodities will continue as long as Saudi Arabia's next moves are unclear, RBC Capital Markets' chief commodities strategist told CNBC on Wednesday. Meantime, Helima Croft said, she expects "a rough six months."
In an interview on "Squawk on the Street " Croft said she thinks the Saudis will be prepared to keep prices down only for the next six months to "bleed out as much non-OPEC oil production as they can. "
"We have a situation where the crown prince's son is quite senior in the oil ministry, and there are some reports in The Wall Street Journal that he's not entirely happy with the lower-for-longer strategy. So I think we should look if there is a shift in Saudi strategy, " Croft said.
She also said that as King Abdullah rallies from health problems, Saudi Arabia will at least keep production at current levels until the next OPEC meeting on June 5. "Things could change if you have a new king or somebody else scouting oil strategy in Saudi," she added.
Croft said that uncertainty with oil has had a negative spillover effect on commodities, especially on metals.
"Any sign of an improving demand picture will certainly rally the commodities complex," she said. "It's going to be a rough six months and a lot of uncertainty until we know really what OPEC is going to do."