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
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
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
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread 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
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
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
aims to begin selling in 2022 an electric car powered by a new type of battery that significantly increases driving range and reduces recharging time, the Chunichi Shimbun daily reported on Tuesday.
Current electric vehicles (EVs) typically have a range of just 300-400 kilometres (185-250 miles) and need 20-30 minutes to recharge even using fast chargers. By using all-solid-state batteries, which can store more energy and can recharge more quickly than lithium ion batteries, Japan's top automaker would be removing the two key shortcomings associated with EVs today.
The EV, to be built on an all-new platform, would be able to recharge in just a few minutes, Chunichi Shimbun said, without citing sources. Toyota has decided to sell the new model in Japan as early as in 2022, the paper said.
A Toyota spokeswoman said the company could not immediately comment on the report.
Toyota, which had long touted hydrogen fuel-cell vehicles and plug-in hybrids as the most viable low-emission alternative to conventional cars, said last year it wanted to add long-range EVs to its lineup as battery-powered cars gain traction around the globe.
Toyota is reportedly planning to begin mass-producing EVs in China, the world's biggest auto market, as early as in 2019, although that model would be based on the existing C-HR sport utility vehicle and use lithium-ion batteries, which power most EVs today.
Other automakers such as BMW are also working on developing all-solid-state batteries, eyeing mass production in the next 10 years.
Solid-state batteries use solid electrolytes rather than liquid ones, making them safer than lithium-ion batteries currently on the market.