Chinese officials will be in Washington this week 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
Peter Thiel has connections across Silicon Valley thanks to ties he forged as co-founder and CEO of payments company PayPal more than 15 years ago.
Dubbed the "PayPal Mafia," the group includes some of the region's most successful entrepreneurs, such as Tesla founder Elon Musk, LinkedIn founder Reid Hoffman, Yammer founder David Sacks, Affirm founder and CEO Max Levchin and many more.
But a new report from a Stanford University student news site points to a bigger and more powerful Thiel network -- one that dates back to his days as a college student in 1987.
As an undergraduate at Stanford, Thiel co-founded a libertarian newspaper called the Stanford Review. According to a story in the latest issue of Stanford Politics, a rival publication, some 23 former editors or staffers from Thiel's paper are connected to data analytics start-up Palantir, either as a current or former employee or board member.
The secretive software company in , California, near the Stanford campus, is valued at $20 billion.
Palantir has done work with more than a dozen U.S. federal agencies, including the Department of Defense, the NSA and the CIA, whose venture arm was among the company's earliest investors. Palantir's technology gathers information from public and private databases and examines it to find patterns and anomalies that can prove useful to its clients.
Three of the five Palantir co-founders — Thiel, Joe Lonsdale and Stephen Cohen — served as editors-in-chief of the Review, which has advocated a conservative or libertarian agenda throughout its three decades.
Now, Thiel and the Stanford alums at Palantir, already a force in technology and government, could be in a position to gain more influence over America's national security apparatus.
Thiel reportedly is being considered by President Trump for a position on the President's Intelligence Advisory Board, which is tasked with providing oversight of America's intelligence community. Thiel was previously part of Trump's transition team, and in June Palantir CEO Alex Karp joined a group of tech CEOs in a meeting with Trump at the White House.
Karp has said he would prefer to keep Palantir private, rather than going the IPO route, a move that would shield its finances from public scrutiny.
An email sent to a Thiel spokesperson did not receive a reply.