British Prime Minister Theresa May is expected to make a final attempt at persuading lawmakers to back her "new" Brexit deal on Wednesday but the agreement — and May's...Europe Politicsread more
Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 24.34 riyals ($6.49) in early deals in Riyadh.IPOsread more
There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.Politicsread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Despite a rally Wednesday, crude oil prices could restart their downward spiral if supplies in storage continue to grow, one market watcher contended.
U.S. crude futures settled nearly 4 percent higher Wednesday at $37.50 a barrel as inventories fell by a more than expected 5.9 million barrels. But stocks at the Cushing, Oklahoma, delivery hub rose by 2 million barrels.
If inventories continue to accumulate at the Cushing facility, prices could slip through the low-30s, said Joe Cusick, vice president of wealth and asset management at MoneyBlock.
"We could even get into the mid-20s and it could happen pretty quickly," he said on CNBC's "Power Lunch."
Edward Jones analyst Brian Youngberg hesitated to give a specific price prediction, but he contended that crude prices would rise into next year due to "continued reductions in supply."
"We think we'll see demand begin to pick up a bit as the global economy hopefully improves here," he said on CNBC's "Closing Bell."