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
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread 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
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
The seemingly unstoppable rally that's pushed the stock market to record high after record high is based on emotions not fundamentals, billionaire investor Sam Zell told CNBC on Tuesday.
"I think the current situation seems like irrational exuberance," said the founder and chairman of the property specialist firm Equity Group Investments. Referring to "irrational exuberance," he was echoing a warning that then-Federal Reserve Chairman Alan Greenspan famously issued in 1996 about the market environment.
Zell said on "Squawk Box" that tech stocks and other highflyers, which have been largely responsible for the rally, belie the rather tepid returns from "average companies."
All assets, including stocks and property values, are too expensive, Zell said, adding he's mostly in cash. On the real estate side, he said he's been "selling stuff." With a dearth of investment opportunities, he argued, the burden of holding cash is not as great as it would be otherwise.
"I think the opportunity for the country to grow at 3 percent is real," but whether that happens remains to be seen, said Zell, who has described himself as socially liberal and fiscally conservative.
Economists in the latest CNBC/Moody's Analytics Survey upped their median fourth-quarter growth forecast on Friday by 0.4 to 3 percent.
That would make three-consecutive quarters of 3 percent growth, a goal of the White House. Trump critics remain skeptical on whether that type of economic activity can take hold long term.
Since the Great Recession ended in the second quarter of 2009, the recovery has averaged 2.1 percent annual growth, according to the St. Louis Federal Reserve.
GDP advances in the previous three expansions were more robust. From 1982 to 1990, annual growth averaged 4.2 percent; from 1991 to 2001, growth averaged 3.6 percent; and from 2001 to 2007, growth averaged 2.7 percent.