Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
President Donald Trump's tariffs will damage the economy to some extent, and if NAFTA talks break down it could be even worse, CNBC senior contributor Larry Kudlow said Thursday.
Earlier in the day, the president announced the U.S. will impose a 25 percent tariff for steel and a 10 percent tariff for aluminum as early as next week.
While it won't unwind all the good work Trump's done on his agenda, like tax reform, "it's a bad omen," Kudlow told "Closing Bell."
"He's so good on tax cuts. He's so good on deregulation, infrastructure. I even like him on immigration. He's never been good on trade," he added.
One big issue is the North American Free Trade Agreement with Canada and Mexico, which Trump has repeatedly threatened to leave. Both Canada and Mexico make steel, Kudlow pointed out.
While the tariffs may annoy them, it could be a different story if NATFA negotiations fall apart, he said.
"We're already hanging by a toenail on NAFTA. If we have to walk out of NAFTA or those negotiations totally break down, then this steel thing turns from a minor irritant to a major calamity for our economy and our stock market. Make no doubt about that," he warned.
Kudlow said he has expressed his anti-tariff views with Trump but this time the protectionists in the administration won.
Proponents of the tariffs argue they will help create jobs and boost the economy. Century Aluminum CEO Michael Bless told CNBC earlier Thursday that his company plans to hire 300 people and invest $100 million in its plant in Kentucky, thanks to the new tariffs.
However, while there are about 200,000 workers in the U.S. steel, aluminum and iron industries, there are 5.5 million people employed by businesses that use steel, Kudlow said.
There are also 154 million Americans who work, and they are going to be affected by price increases on products, thanks to steel price hikes, he said.
"In theory, if you raise the tariff by 25 percent, the price can go up by 25 percent," he said.