Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread 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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
A former Amazon financial analyst allegedly leaked the company's earnings results to a former fraternity brother in exchange for $10,000, the Securities and Exchange Commission announced Thursday.
The agency charged Brett Kennedy and Maziar Rezakhani with insider trading. It alleges Kennedy gave Rezakhani Amazon's 2015 first-quarter earnings information while Kennedy was an employee at the company. Rezakhani supposedly paid Kennedy $10,000 in cash for the results and made more than $116,000 in illegal profits from the results, the SEC said.
Rezakhani also allegedly shared the money with Sam Sadeghi, who advised him on the trades. Sadeghi supposedly met with Rezakhani and Kennedy to discuss the results. The SEC said Rezakhani and Sadeghi wanted to establish a successful track record under Sadeghi's brokerage account and eventually start a hedge fund together.
Rezakhani predicted Amazon's earnings and bragged on at least two trading-related internet communication platforms that "the numbers are so obvious" that a "5-year old can guess what they will do," according to the SEC.
"As alleged in our complaint, Rezakhani boasted on social media that he could accurately predict Amazon's financial performance," Jina L. Choi, director of the SEC's San Francisco Regional Office, said in a statement. "But he failed to predict that we would catch him and his accomplices in their illegal scheme."
Sadeghi and Kennedy have agreed to settlements without admitting or denying allegations. Both agreements require court approval. Sadeghi has agreed to pay $24,214.87, and Kennedy has agreed to pay $10,875.36, according to the SEC.
Separately, the U.S. Attorney's Office for the Western District of Washington announced criminal charges against Kennedy on Thursday.
Amazon declined to comment.