House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Stocks erased earlier losses, but the rise was kept in check as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
The fact that interest rates are relatively low makes the idea of a so-called insurance rate cut later this month an attractive option for the Fed.Market Insiderread more
Video of the event does not show the president disagreeing with his supporters. Instead, it shows that Trump paused as the chant began, allowing his supporters to continue...Politicsread more
President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.Technologyread more
Wealthy clients liquidate some investments every year to cover their tax bill, so presumably this was higher than what Morgan Stanley has seen previously.Financeread more
Hacker Square at Facebook's headquarters pays homage to the company's early motto of moving fast and breaking things.Technologyread more
It's tempting to view Netflix as a possible replacement for the entire media ecosystem. But execs on its Q2 earnings call showed lower ambitions: It just wants to create the...Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
Saudi Arabia is considering listing its state-owned oil producer, Saudi Aramco, The Economist reported, citing the kingdom's deputy crown prince Muhammad bin Salman.
Aramco is the world's largest crude oil producer and if the initial public offer goes through, Saudi Aramco would rank as one of the most highly valued listed companies globally.
A possible listing of the oil giant will help bolster Saudi government finances after the current rout in oil price contributed to a record 367 billion Saudi riyals ($97.9 billion) budget deficit in 2015.
"I believe it is in the interest of the Saudi market, and it is in the interest of Aramco, and it is for the interest of more transparency, and to counter corruption, if any, that may be circling around Aramco, " Prince Muhammad told the newspaper in an interview conducted on January 4.
A decision on whether to float Aramco is likely to be made in the next few months, he added.
Oil prices halved in the last year and hit 12-year lows this week amid market turmoil in the Chinese markets.
To read the full Economist story, click here.
Follow CNBC International on and Facebook.