Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Stocks closed higher on Friday as investors tried to shake off jitters concerning trade tensions between the U.S. and China, with energy shares rising.
The Dow Jones Industrial Average rose 119.19 points to 24,580.89, with Chevron and Exxon Mobil among the best-performing stocks in the index. Friday's close marked the first gain for the 30-stock index in nine sessions, snapping its longest losing streak since March 2017.
The gained 0.2 percent to close at 2,754.88, with energy, materials and telecommunications outperforming. The Nasdaq composite, meanwhile, closed 0.3 percent lower at 7,692.82 as tech shares fell.
Markets around the globe had been on a roller-coaster ride this week as tensions surrounding a tit-for-tat trade dispute between the U.S. and China continued to escalate. The major indexes closed lower for the week, along with European stocks and Asian equity markets.
"As bad as it may seem to some people, this is more of a re-allocation of resources," said JJ Kinahan, chief market strategist at TD Ameritrade. "The Russell 2000 and Nasdaq both hit all-time highs this week."
"I think investors are wise to be cautious and re-evaluate these stocks and how they would be affected if these tariffs go through. ... That being said, market conditions are still pretty good," said Kinahan.
On Monday, President Donald Trump requested the United States Trade Representative identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent. Those tariffs followed levies announced by both nations last week. Consequently, Beijing stated that it would deliver its own set of counter measures, if required.
But Bloomberg News reported, citing people familiar with the matter, that some White House officials are trying to restart talks with China in order to avoid a full-blown trade war.
Tom Essaye, founder of The Sevens Report, said in a note the report is bullish, but was "light on specifics." Essaye added: "This pullback/consolidation probably isn't over yet—although medium term, fundamentals for the markets remain supportive."
Trump later threatened on Friday to slap a 20 percent tariff on European cars, saying in a tweet: "Based on the Tariffs and Trade Barriers long placed on the U.S. and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!"
Shares of General Motors, Caterpillar and Boeing — all companies that do a lot of business outside of the U.S. — rose by at least 0.3 percent.
"A lot of the stuff that's being talked about on tariffs and trade has already been priced in," said Alex Chalekian, CEO of Lake Avenue Financial. But "depending on what the outcome of that is, it may not be good for the economy as a whole."
U.S. crude posted its best daily gain since November 2016 after OPEC members agreed to only a moderate supply increase. The cartel also declined to say exactly how much more its members would pump. Analysts said the deal will likely add between 600,000 and 800,000 barrels per day, which the market can easily absorb.
Energy stocks Chevron and Exxon Mobil both rose more than 2 percent, while the Energy Select Sector SPDR Fund (XLE) gained 2 percent.
—CNBC's Tom DiChristopher contributed to this report.