An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit on Monday, while some energy stocks are shooting upward.Marketsread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Justice Kavanaugh from when he was a Yale University student, noting that "the female student...Politicsread more
The U.S. faces less oil-shortage risk after weekend strikes on Saudi facilities because America has been aggressively developing its own domestic resources in recent years,...Oilread more
Purdue's board approved the much-anticipated bankruptcy filing, days after reaching a tentative deal to settle some 2,000 opioid lawsuits.Health and Scienceread more
The administration of President Donald Trump wants manufacturing jobs to make up about a fifth of the American workforce, said Peter Navarro, tapped by Trump to lead the newly created National Trade Council.
Navarro told CNBC's "Squawk Box" on Wednesday that part of his job at the National Trade Council is matching the needs of industry with the skills of U.S. workers.
"We envision a more Germany-style economy, where 20 percent of our workforce is in manufacturing," he said. "And we're not talking about banging tin in the back room."
"We're talking about high technology across the board, whether it's computer chips or cars or anything in between," said Navarro, a Trump campaign policy advisor and formerly a business professor at the University of California, Irvine.
President Trump's executive order this week to abandon the Trans-Pacific Partnership and his stated intent to renegotiate NAFTA are moves away from many-nation free trade agreements, said Navarro.
"Multilaterals, you get hundreds of people and thousands of lobbyists and lawyers. It takes years and years and years," he contended.
Earlier Wednesday on "Squawk Box," Bill Daley, former Commerce secretary under Bill Clinton, said an exit from the TPP without engaging Asian trading partners would leave the door open for China.
Navarro rejected that notion, saying Trump wants to pursue what he considers more nimble bilateral trade agreements. "I strongly agree that bilaterals can occur much more quickly, because basically, it's just a few people in a room talking about what needs to be done."
"As we're negotiating with one country here, we're going to be negotiating with one country here, and another country here," Navarro said.