Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The Supreme Court could strike down the constitutionality of the Consumer Financial Protection Bureau, an agency Elizabeth Warren has likened to her child and which Justice...2020 Electionsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Brent crude oil fell on Tuesday as the dollar regained its footing against the euro and fears of global oversupply persisted, while U.S. crude managed to end slightly higher on strong domestic economic data.
The fall in Brent came after the dollar reversed early losses to rise 0.4 percent against the euro, making dollar-priced commodities more expensive in the euro zone.
for May delivery declined 1.5 percent to $55.15 a barrel, having touched a session low of $54.93. U.S. crude settled 6 cents higher at $47.51 a barrel.
The U.S. Commerce Department announced that new home sales jumped 7.8 percent to a seasonally-adjusted annual rate of 539,000 units last month, the highest since February 2008. Financial information services firm Markit announced that its U.S. Manufacturing Purchasing Managers' Index rose to its highest reading since October.
"Today it seems as if the market's been catching its breath after reaching its six-year lows last week," Tradition Energy senior analyst Gene McGillian said. "The positive economic reports have helped."
U.S. crude stocks, already at their highest in at least 80 years, were forecast to have risen for an 11th record-breaking week, a preliminary Reuters survey showed.
Six analysts, polled ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S. Energy Information Administration, turned in an average forecast for a crude stock build of 5 million barrels last week.
In the week to March 13, U.S. crude stocks rose nearly three times as much as expected.
Oil prices were also under pressure from data showing factory activity in China slipped in March, adding to concerns about growth in the world's second largest economy and top oil importer. U.S. factory activity increased slightly.
The Chinese data followed comments from OPEC kingpin Saudi Arabia that it is pumping around 10 million barrels of crude per day, close to an all-time high and some 350,000 bpd above the figure it gave OPEC for its February output.
OPEC's decision to fight for market share rather than cutting output has contributed to a halving in oil prices since June as the global surplus of oil supplies has grown.
"The Saudi Arabian oil minister had only just emphasized at the weekend that his country is not willing to bear the burden of production cuts on its own," Commerzbank analyst Carsten Fritsch said.
BP lifted its force majeure on oil loadings from Angola's Saturno stream, which typically exports about 150,000 barrels per day. The suspension in operations began on March 16 when a power loss at an offshore facility cut off power to some fields in Angola.
The market is expected to be at its weakest in the second quarter as winter fuel demand wanes while peak summer driving activity is yet to kick in. Energy consultancy FGE forecasts a global surplus of 2 million barrels per day between April and June.
"We expect crude prices to be pressured once again," FGE said in a note.
Correction: U.S. crude settled 6 cents higher at $47.51 a barrel.