U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
Rosengren was one of two central bank officials to vote against Wednesday's quarter-point rate reduction, and explained in a speech to the Stern School of Business at New York...Economyread more
"The president is right to make this the center point of the rising and sustained trade conflict," says Sen. Chris Coons.Politicsread more
More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
"We're gonna take this meeting by meeting. We're not on a preset course," Clarida told CNBC's Sara Eisen during an interview Friday on "Squawk on the Street."The Fedread more
Netflix CEO Reed Hastings admitted that it's a "whole new world starting in November," with the launch of Apple TV+, Disney+ and other new streaming services.Technologyread more
President Donald Trump sarcastically tweeted that New York City "is devastated" by Mayor Bill de Blasio's exit from the 2020 presidential race. Two other Democratic mayors,...2020 Electionsread more
The United Auto Workers union and General Motors are making progress on their labor contract talks, however there remain "many" outstanding issues, according to a union leader...Autosread more
Democratic presidential candidate Elizabeth Warren has been given more than one opportunity over the past two weeks to clarify her response to a key question about her...Politicsread more
Protesters across the world Friday joined in on demonstrations to demand action on climate change.Environmentread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
With President-elect Donald Trump seemingly having a better relationship with President Vladimir Putin and Russia, this could be the perfect opportunity to invest in the country, one analyst said on CNBC's "Closing Bell" on Friday.
The Russian market has seen $451 million of stock fund inflows this past week, making up the country's biggest haul since 2011. Still, it continues to have some upside as one of the cheapest markets in the world, Firebird Managmeent co-founder Harvey Sawikin said.
"It's still very unloved and it's got a long way to go to get back to its old highs," he said. "But I would say I'm cautious — you know — some of that macro stuff, these investigations of the Russian hacking is going to come out, and there could be some bumps in the road, but the valuations are really good."
"Their economy doesn't produce anything that anybody wants to buy, except oil and gas and arms," the outgoing president said.
One analyst agreed with Obama that Russia's bread and butter is oil and natural resources, and that's why he sees its economy stalling in the near future.
Oil prices have peaked and probably won't go much higher than they are now, Pran Tiku of Peak Financial Management said. Looking ahead, he expects the Russian economy to stall, and suggested that economic sanctions from the U.S. and the European Union are having an impact on the country's production.
Sawikin, on the other hand, doesn't think the sanctions necessarily have to go away for a company to do well. The companies under sanctions are the ones that have been performing the best this year, he said. , for example, has almost tripled this year and is still under sanctions. Sawikin said the bank told him nothing would change if the sanctions were lifted because the bank has already been repositioned "to live in a world of sanctions."