"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
On Sunday, the 71st Primetime Emmy Awards will honor the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
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
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
Saudi Arabia could still agree to a deal to freeze crude production — as long as all other oil-producing nations do the same, the country's Prince Turki Al-Faisal told CNBC on Friday.
Major oil-producing countries will meet in Algiers this month to discuss market conditions. Members of the oil-producing cartel OPEC, plus Russia, are expected to hold discussion on the sidelines about the possibility of an output freeze to boost prices.
Several deals 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, Saudi Arabia is not alone in scuppering deals, including in February, when Iran refused to join forces with Saudi Arabia, Russia, Qatar and Venezuela in freezing output.
"What Saudi Arabia is seeking is a holistic approach to the issue of oil production and prices, not just within OPEC," Al-Faisal told CNBC on Friday from the Ambrosetti Forum on economics in Italy.
"All oil producers should have a role in whatever decision is taken … everybody should play their part," the prince, who was previous head of the Saudi intelligence service and ambassador to the U.S., later added.
WTI crude futures for October have rallied sharply this year, but remain far below the levels above $100 per barrel at which oil traded prior to the commodities slump that began in July 2014.
OPEC's decision to maintain high levels of production while international demand growth waned is viewed as a major cause behind the rout.
Al-Faisal told CNBC on Friday that a return to high oil prices would be against the interest of poorer oil-importing countries in Africa, Asia and Latin America.
"Saudi policy since OPEC was established is that prices should be reasonably set so that the buyer can afford them," he told CNBC.
The deputy prime minister of Russia — another major oil-producing country — told CNBC on Friday that a "good" price for crude was between $50 and $70 per barrel. Arkady Dvorkovich added that Russia was "ready to sign to have a (crude production) deal."
WTI crude futures traded at between $43 and $44 per barrel on Friday.