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
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
OPEC struggled to reach the deal, just as oil prices were set to head lower, due to reduced demand from the refining industry. Each year, during the switch over to winter fuel production, industry demand drops as refineries undergo maintenance. That is known as the "shoulder season," and the market had been bracing for another decline in prices during it.
OPEC's surprise ability to take action also helped boost the organization's relevance again, after it had been written off by many market players. Oil prices immediately surged more than 5 percent Wednesday after Reuters reported from Algeria that OPEC members agreed to cut output for the first time since 2008. West Texas Intermediate was trading at just about the same level Thursday, close to $47 per barrel. Without a deal, analysts had said oil could plunge to $40 or lower.
"I think the price will wobble, but it certainly keeps more support than walking away with nothing. What I think is this will be a process. This isn't even an official OPEC meeting, and it buys them time," said Daniel Yergin, Vice Chairman of IHS. "It's them negotiating to negotiate."