Oil jumped 6% on Thursday after Iran shot down a U.S. military drone, prompting President Donald Trump to blast Tehran on Twitter.Energy Commoditiesread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."CNBC Disruptor 50read more
Apple said in a letter released Thursday that tariffs could hurt its ability to compete globally.Technologyread more
Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
Trump tweets after an Iranian surface-to-air missile shot down a U.S. military surveillance drone in what the U.S. calls an "unprovoked attack."Politicsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
Mortgage rates have been falling steadily since the last week of April, and that may be reigniting home price appreciation. The lower the rate, the more purchasing power...Real Estateread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
Don't expect parts of the hotly debated investor protection rule to take effect any time soon.
The Office of Management and Budget on Monday approved a request by the Labor Department to delay implementation of remaining portions of the so-called fiduciary rule until July 1, 2019, rather than Jan. 1, 2018.
The last pieces of the rule facing a delay pertain to specific written disclosures from financial services firms. This includes the requirement that advisors earning commissions on investments in retirement accounts sign a legally binding agreement putting their clients' interests ahead of their own.
The Labor Department submitted its delay proposal earlier this month. Following Monday's approval, the Labor Department is now expected to issue a final rule allowing the postponement.
Other portions took effect June 9, including a requirement that financial advisors work in the best interest of clients when it comes to providing advice related to their retirement accounts, such as IRAs.
Supporters of the rule say it protects investors from higher-cost investments that benefit the advisor more than clients. Critics say compliance costs will end up pricing small investors out of the advice market.
The rule already has been undergoing an economic-impact review, which was ordered by President Donald Trump in February. It also remains in the crosshairs of congressional Republicans. Last month, a House committee approved a measure that would repeal the fiduciary rule and replace it with one allowing disclosures of potential conflicts of interest.