On Saturday, Trump said he would impose additional sanctions against Iran in a bid to prevent the country obtaining nuclear weapons.World Politicsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
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Millennial stocks are looking fly this month, and one name could be on the verge of exploding in the next year.Trading Nationread more
Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Eldorado Resorts has agreed to merge with Caesars Entertainment in a cash and stock deal that values its peer at about $17.3 billion including debt.Casinos and Gamingread more
A decisive win for Turkey's main opposition party in a re-run of a mayoral election in Istanbul this weekend has prompted hopes for economic and political change.Europe Politicsread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Oil has been rebounding off its lows this year, climbing above $50 a barrel again.
But despite a 16 percent surge over the past three months, Hugh Johnson, chairman of Hugh Johnson Advisors, tells CNBC's "Power Lunch" on Monday, the rise in crude is not over.
"We are currently forecasting a recovery in the price of oil (West Texas Intermediate) to $71.30 (average Q2) and $68.89 (average Q4)," Johnson said.
He says buy U.S. energy stocks since they should post meaningful outperformance. "Forecasts of increased global production (primarily U.S.) and declining global demand (Russia, Europe, Asia) are somewhat overstated. Prices between $60 and $70 are statistically consistent with the levels of global demand/consumption and global production," Johnson said.
He recommends oil and gas equipment and services companies such as Halliburton, Baker Hughes and National Oilwell Varco.