Health-care companies claim they are not threatened by Amazon's potential foray into the space. A recent lawsuit suggests otherwise.Technologyread more
It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social Capital.Technologyread more
The road to the Fed's policy pivot to lower interest rates began in early May, with a tweet from President Trump on trade.Market Insiderread more
See which stocks are posting big moves after the bell on June 20.Market Insiderread more
Chairman Jerry Nadler, D-N.Y., said in a statement that lawyers for the Trump administration blocked Hicks from answering questions 155 times during the Wednesday hearing.Politicsread more
Jim Cramer says "you'll want to keep some powder dry so you can buy into weakness and get some real bargains."Mad Money with Jim Cramerread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
Chevron CEO John Watson on Monday warned that U.S. shale oil alone cannot meet the world's growing appetite for crude.
Global oil demand is growing by more than a million barrels per day each year. American producers are meeting much of that consumption growth after a revolution in drilling technology that has allowed them to unlock oil and gas from shale rock formations.
"Shale can help. Certainly between now and the end of the decade it will be a big contributor to meeting that million-barrels-of-oil-demand growth that's out there," Watson told CNBC's "Power Lunch" on the sidelines of the Milken Global Conference in Los Angeles.
"But ultimately oil fields decline, and we're going to need all sources of supply, including the shales, but also deepwater and other sources around the world," he said.
Investment in oil exploration and development — especially expensive projects like offshore drilling — has plummeted as oil companies slash spending plans amid a prolonged crude price slump. That could cause the market to become undersupplied in the future, the International Energy Agency warns.
Meanwhile, U.S. shale oil production has rebounded as crude prices stabilize around $50 a barrel, supported by output cuts by OPEC and other exporting nations aimed at cutting brimming global stockpiles. The recovery has also been underwritten by falling service costs and efficiency gains in the U.S. shale oil patch.
That has led to a land rush in the low-cost Permian Basin in parts of Texas and New Mexico, where Chevron is a major player.
Watson said President Donald Trump's rollback of energy-sector regulations could kick-start the economy by removing rules and guidance that "were heaping costs on our industry with no discernible benefit," he said.
In his first 100 days, Trump has set in motion reviews that would, among other things, remove limits on offshore drilling, rewrite President Barack Obama's signature plan to reduce carbon emissions from power plants and potentially ease tough fuel efficiency standards.
Many environmentalists and Democrats counter that Obama-era measures were critical to reducing America's contribution to climate change. Canceling them significantly handicaps U.S. attempts to mitigate the effects of global warming, they say.
Watch: Govt. should check other revenue sources before hiking gas tax