Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
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Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Iran will never hold talks with America, the country's Supreme Leader Ayatollah Ali Khamenei said on state television Tuesday morning.Politicsread more
Energy stocks are on fire Monday. Five experts weigh in on what this could mean.Trading Nationread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
The beaten-down energy sector could thrive under the Trump administration to the tune of 10 percent growth, Fundstrat's Thomas Lee told CNBC on Friday.
"We know 40 percent of the economy was in recession, because it was transports, industrials, energy," Lee told "Worldwide Exchange." "Just energy margins going back to median will add almost $10 to S&P profits. That's almost 10 percent growth from one sector."
Lee said that after 15-year lows on profit margins in the energy sector, the boost would provide strategic advantage.
He repeated his recommendation that investors buy CRAP — computers, resources, American banks, and phone carriers.
"This year, we think the strategy that works is 'CRAP,' so it's industrial, tech, the resource sector, which is energy, materials, the banks and telecoms," Lee said.
Banks in particular are experiencing a pre-emptive sigh of relief and driving the market higher on expectations of loosened federal regulations, Lee said.
"I think the last eight years have been tough on the private sector. Businesses have been worried about regulation. The last eight years saw the largest jump in restrictive regulations in the history of the economy," Lee said. "The banks [are] a great example."
Lee has been one of Wall Street's biggest optimists. But earlier this month, he made a less-than-bullish call on the market prospects for the year.