Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Oil prices will remain stuck in a range near $50 a barrel unless one of two global hotspots delivers an October surprise to the market, jolting the cost of crude higher, according to Helima Croft, global head of commodity strategy at RBC Capital Markets.
The first potential shock Croft and her team at RBC are monitoring is a debt default by Venezuelan oil giant Petroleos de Venezuela SA. Oil production from the state-owned PDVSA has steadily slipped as the country grapples with a financial crisis after the collapse in crude prices in 2014 and years of economic mismanagement.
"They have $3.5 billion in national oil company debt coming due in October-November. If they default, that could be significant for Venezuela's production outlook," Croft told CNBC's "Squawk on the Street" on Tuesday.
Lower crude production from Venezuela would tend to support the oil market, which has been oversupplied for years.
The second surprise would come if the United States abandons an international deal that lifted sanctions on Iran. President Donald Trump could refuse to certify that Iran is complying with an accord that puts limits on its nuclear program. That could lead to the renewal of sanctions, which could impact Iran's oil production.
John Kilduff, founding partner at energy hedge fund Again Capital, said these geopolitical concerns may be somewhat overstated. He noted that the five other nations that negotiated the Iran nuclear deal would probably break with the U.S. and refuse to snap sanctions back on Iran.
He also noted that Venezuela is indebted to Russia and China. Russian oil giant Rosneft has amassed a large stake in PDVSA's U.S.-based refiner Citgo by bankrolling Venezuela. China has long lent Venezuela money in exchange for oil.
However, Rosneft has recently suggested it is done lending to PDVSA, which has less than $10 billion left in reserves, according to Croft.
"The math simply does not work on PDVSA staying solvent" without help from Russia and China, she said. "So we think this default is a clear and present danger."