Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
A spike in fraudulent state tax filings through TurboTax was not due to a breach at software maker Intuit, CEO Brad Smith told CNBC on Friday.
"Our systems have not been breached at Intuit," Smith said during a "Squawk Alley" interview. "We take privacy and security of our customers' information as job one. We also apply the most advanced technologies and techniques to protect our customers."
Intuit disclosed earlier this month that it was working with a number of state agencies to address the increase in fraudulent state tax returns filed through its TurboTax software.
Read More US companies won't always be so hackable
Days after the announcement, The Wall Street Journal reported the FBI had opened an investigation to determine whether TurboTax customers' personal information had been stolen due to a breach of Intuit's system.
After consulting with cybersecurity firm Palantir, Intuit said the information had been obtained by other means.
The company briefly suspended transmission of electronically filed tax returns on Feb. 5. Minnesota's Department of Revenue temporarily stopped accepting TurboTax filings, citing concerns over potential fraud.
On Thursday, Intuit reported a smaller-than-expected quarterly loss. The company's net loss widened to $66 million, or 23 cents per share, for the second quarter ended Jan. 31, from $37 million, or 13 cents per share, a year earlier.
On an adjusted basis, the company reported a loss of 6 cents per share, way below the 13 cents analysts had expected, according to Thomson Reuters.
Shares of Intuit hit an all-time high after the report and were up more than 5 percent Friday afternoon.
Intuit saw a 7-percent year-over-year decline in its desktop TurboTax software business, equal to a loss of about 270,000 customers. It attributed half of that setback to displeasure with a change in policy that .
The company responded by issuing refunds to customers affected by the change. While that only amounted to about 3 percent of its base, those were important, loyal customers, Smith said.
"Good companies can make mistakes," he said. "In the case of the product lineup change we made to the TurboTax desktop product, we thought what would work for online customers would work for our desktop customers this year, and we were wrong."
Reuters contributed to this story.