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
Russia is ready to strike a deal to help boost global oil prices, the country's deputy prime minister told CNBC.
"We are ready to sign to have a deal," Arkady Dvorkovich told CNBC in Italy at the Ambrosetti Forum on economics.
Major oil-producing countries will meet in Algiers this month to discuss market conditions. OPEC member countries, plus Russia, are expected to hold discussion on the sidelines about the possibility of an output freeze to boost prices.
Hopes of a deal have fallen through in the past, in particular because Saudi Arabia — OPEC's de facto leader — remains wedded to keeping output high to hold market share.
However, Dvorkovich suggested that with oil prices still low, Saudi Arabia may yet change its mind.
"Any producing country is not good with a very low oil price," he told CNBC.
He said that a good price for crude was between $50 and $70 per barrel.
WTI crude futures for October traded at around $43.35 a barrel on Friday.
"We prefer a stable price," Dvorkovich told CNBC.
Low oil prices have harmed Russia's economy. Russian Economy Minister Alexei Ulyukayev cut his forecast for economic growth on Friday, predicting the economy would shrink by 0.5 percent-0.6 percent in 2016, according to Russian news agency Interfax.
However, the economy is seen returning to growth in 2017.
"We are cautiously optimistic about our economy ... We are optimistic the economy will grow next year," Ulyukayev told CNBC.
Sanctions imposed by the U.S. and the European Union since Russia's annexation of the Ukrainian region of Crimea in 2014 have also harmed the economy.
However, Dvorkovich told CNBC that irrespective of sanctions, Russia would respond to "aggressive behavior" in the annexed region.
"Sanctions ... should not be a reason not to respond," he told CNBC.