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
Used cars and trucks are getting new love as 2016 is on track for a record number of preowned vehicle sales.
For the year, almost 41 million used vehicles are expected to be bought in the U.S., according to Cox Automotive.
"This is almost certainly a record year," said Tom Webb, chief economist at Cox Automotive. "And the number of sales will likely go higher in the future because there is a large number of vehicles coming off lease over the next couple of years."
The growth in used vehicle sales comes as new data from Experian shows a surge in used vehicle loans being written to those with the best credit scores.
More than 57 percent of the vehicle loans at franchised used vehicle dealerships in the third quarter of 2016 were written to those with either prime or super prime credit scores, an increase of more than 2 percent compared with the same time last year, according to Experian.
The firm, which tracks automotive loans, also reports the average amount borrowed for a used vehicle loan hit a record high in the third quarter of $19,227.
As more people buy used vehicles, some of the largest auto dealership chains are expanding in the preowned vehicles market. Last week, Penske Auto Group, the country's second-largest auto retailer, said it was buying CarSense, a dealership chain in Pennsylvania and New Jersey that sells only used vehicles.
Questions? Comments? .