Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
All eyes will be on the U.S. central bank later on this week, as its Chair Janet Yellen, is set to give a speech on August 26 at the Federal Reserve Bank of Kansas City's annual Economic Policy Symposium at Jackson Hole, Wyoming.
Investors will be watching this meeting closely, to see if the Fed provides any indications as to when it may raise interest rates, while potentially giving a long-term outlook on the U.S. economy.
However it's not only the central bank that's expected to move markets on Wednesday, but earnings and data as well.
On the data front, a slew of data is expected to keep investors on their toes, with the FHFA home price data and Existing home sales, due out at 9.00 a.m. and 10.00 a.m. ET respectively.
Meanwhile oil prices continued to put markets on edge, with crude futures trading lower on Wednesday after an unexpected build in U.S. crude inventories added a negative element to trade. WTI and Brent crude last stood around $47.10 per barrel and $49.30, respectively..
Markets will be keeping an eye on oil's reaction, after the crude inventories data comes out at 10.30 a.m. ET.
Internationally, European stocks were slightly higher in morning trade, while Asia-Pacific indexes also delivered a mixed picture overnight.
Meanwhile, U.S. indexes ended higher in the previous session, with materials gaining around 1 percent.