Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Amid sliding oil prices and plunging profits, Chevron faces a "difficult" road to sustainability, one energy analyst said Monday.
U.S. crude continued its slide Monday, falling more than 4 percent to bring losses to about 22 percent this year. Chevron has taken a beating from the commodity's movement, as the company's second-quarter profit reported Friday plummeted about 90 percent year-over-year to $571 million.
With the weak results and Chevron's shares down nearly 24 percent this year, Stewart Glickman of S&P Capital IQ downgraded the stock to "hold" from "buy" on Friday.
"We're in what looks to be a sustained low oil price environment, and in that kind of environment I would rather be playing defense," Glickman said Monday in a CNBC "Power Lunch" interview.
He contended that owning Exxon Mobil shares could protect investors playing the oil space. He upgraded the stock to a "buy" from a "hold" on Friday.
Exxon's advantage over Chevron lies in its free cash flow, which allows it to drive value by returning money to shareholders even if prices remain low, he said.
Still, Exxon has suffered amid the crude meltdown. Its second-quarter profit, reported last week, tumbled more than 50 percent from the year-earlier period.
Exxon shares have fallen more than 15 percent this year.