Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018.Traderead more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
China is reducing support for its electric carmakers a move experts and industry insiders warn could lead to consolidation and waning investor appetite. But some of the...Technologyread more
Is your CEO on the list? Glassdoor has the results.Power Playersread more
Joseph Gaspar, the chief financial officer at Elbit Systems, said M&A among firms in the sector began to pick up pace in the 1980s and looks set to continue.Paris Air Showread more
Stocks in Asia rose on Wednesday following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
The U.S. Department of Defense has hit back at Russian officials who have criticized a U.S. plan to deploy more troops to the Middle East.World Politicsread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Sen. Josh Hawley, a well-known tech critic, introduced legislation on Wednesday that would remove the immunity big technology companies receive for user-posted content under...Technologyread more
As the market wrestles with the fallout from Hurricane Harvey, the storm that that struck the coast of Texas on Friday causing widespread damage and flooding, at least one analyst says the wider picture for oil is for prices to grind higher.
The cost of a barrel of oil has gyrated around the $50 per barrel mark for some time and last month the International Energy Agency (IEA) said global demand will outpace previous estimates in 2017.
In August, the agency raised its 2017 demand growth forecast to 1.5 million barrels per day.
Amrita Sen, chief oil analyst at Energy Aspects agreed that more oil is being called upon and said the market has tightened significantly in the last three months.
"Particularly if you adjust for global oil demand growth, demand is absolutely soaring right now," she told CNBC Tuesday.
The analyst added that despite strong supply levels, the oil price should move higher.
"It should be going up because inventories have been drawing at a phenomenal pace over the past few weeks and months," she added.
At one stage, the storm stretched the discount of U.S. WTI versus Brent to more than $5 per barrel, the widest in more than two years.
In a note Tuesday, the commodities research team at Barclays said a widening spread is not just about Hurricane Harvey.
"Harvey has widened the Brent-WTI spread to almost $6, but North Sea maintenance, new disruptions, and higher U.S. output were already driving the spread wider," the note read.