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
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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
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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
Even though he was once an executive at Facebook, Chamath Palihapitiya, CEO of Social Capital Hedosophia Holdings, favors investing in Amazon instead, he told CNBC's "Fast Money: Halftime Report" on Thursday.
President Donald Trump has been a critic of Amazon, tweeting his disdain for coverage from The Washington Post, which is a personal holding of Amazon CEO Jeff Bezos. But Palihapitiya said he thinks that Facebook and Google face more regulatory risk, given the many retailers that compete with Amazon.
"Amazon is a microscopic portion of global consumption today, so ultimately I think it has more room to grow before it invites regulatory overview," Palihapitiya said. "On the other hand, Facebook and Google effectively are surveillance states. And they have so much personal, private information about so many citizens of so many countries."
"It's already beginning," Palihapitiya said. "Because it's part and parcel to them realizing that there's too much power unbounded."
Palihapitiya noted that many big technology companies have seen their stocks soar, making it tempting to take gains. Palihapitiya's holding company, which also includes former Twitter executive Adam Bain, hit the public markets Thursday.
But Palihapitiya said he thinks investors should reframe the way they think about the long-term trajectories of the companies.
For instance, Amazon is competing against Wal-Mart, which has acquired e-commerce companies like Jet.com and Bonobos. But with tools like Alexa, robots and cloud, Amazon's technology could lead it to victory over "laggard competitors," Palihapitiya said.
"It is competing against fundamentally impaired companies, including Wal-Mart, quite honestly," Palihapitiya said. "That don't have the technical savvy, they don't have the capabilities, specialty retailers, an entire overhang of cost structure that [Amazon doesn't] have to deal with."
Facebook, Google and Wal-Mart did not immediately respond to a request for comment.