The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Urban Outfitters reported earnings and same-store sales for the second quarter that beat analyst expectations, while revenue fell short.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
President Donald Trump renewed calls Tuesday to readmit Russia to the G-7 ahead of the group's summit in Biarritz, France, this weekend.Politicsread more
Biden has shown staying power at the top of a jammed Democratic field even as polling numbers for Sanders, Warren and Harris wax and wane.2020 Electionsread more
The FDIC on Tuesday votes to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
The yield curve is the only economic indicator pointing to a recession, according to Credit Suisse.Marketsread more
As the price of oil continues its bumpy ride, the broadly lower cost per barrel could present a new business opportunity for the world's largest private jet company.
NetJets, a subsidiary of Berkshire Hathaway which offers fractional ownership and private jet rental, told CNBC that low oil prices – now down around 50 percent from highs last summer -- could boost their business.
"If you are an oil company and you're invested in a fleet of your own private jets, clearly this is the moment where you'll look back at your investments and your assets and think: 'Was this the best decision?'," NetJets' Head of European Sales Marine Eugene said. "I think this is a tremendous opportunity for us."
Eugene noted that a number of oil and gas companies had sold their aircraft in recent years, and moved to fractional ownership plans.
The company currently offers an aircraft transition program, which enables owners of private jets to sell their aircraft, take a portion of the profits and transition to a fractional model.
Eugene went on to say that low oil prices would also be passed onto their customers, who pay for the fuel used on each flight.
It's not just NetJets which is expecting to get a boost from lower oil prices. Last month, private jet charter company Magellan Jets said it was cutting fees for all contracts made after the middle of January by 16 percent.
The NetJets comments come as the company unveiled one of their newest planes, the Embraer Phenom 300, at London City Airport, where it has received certification to operate.
But while this certification and low oil prices may provide growth opportunities for the company, the weak European economic recovery has tempered its forecasts.
"Clearly the European markets have a very contrasting performance, so some of these European markets aren't growing at all," Eugene added.
"When you see a European market that doesn't have the same strengths where there are headwinds and challenges, it will have an impact on people's flying."