An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.Marketsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.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
A new research study by the Digital Citizens Alliance shows how easy it is to buy illegal steroids or appearance and performance enhancing drugs (APEDs)Cybersecurityread more
An attack on Saudi Aramco's key oil facility raises questions about whether the schedule for the company's initial public stock offering will go ahead as planned.Energyread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
U.S. Secretary of Energy Rick Perry spoke to CNBC's "Squawk on the Street" on Monday following a series of drone attacks on Saudi Arabia's oil facilities caused the largest...Oilread more
Perry says it's too soon to say whether the U.S. will need to use its emergency crude reserves to offset the surge in oil prices.Oilread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to analyst Ming-Chi Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Supreme Court Justice Kavanaugh from when he was a Yale University student, noting that "the...Politicsread more
"Presidents get a lot of credit [and] a lot of blame for things they didn't do, but the president has done things which accelerated growth," Dimon told CNBC's Wilfred Frost on "Closing Bell." "We needed competitive taxes. The way the American public should be thinking of it is: For 20 years, we've been increasingly uncompetitive, driving capital and brains overseas."
Dimon also said some of the regulatory rollbacks pushed by Trump are helping small businesses. "We've had less small business formation in America than in any other recovery," he said. "This has accelerated the growth. It's been 20 percent over 10 years; it should've been 40. The reason it wasn't 40 is because of a lot of things that we did hurt ourselves."
Dimon's comments come after the Commerce Department said Friday the U.S. economy grew by 4.1 percent in the second quarter. That marked the highest growth rate since the third quarter of 2014, when the economy expanded by 4.9 percent.
Late last year, Trump signed a bill that lowered the federal corporate tax rate to 21 percent from 35 percent. Trump also eased or rolled back last year several pieces of regulation he felt were hurting U.S. businesses.
But Dimon said he is concerned that Trump's trade policies could be a headwind to the U.S. economic expansion, noting: "I think it could offset some of the benefits" of the tax overhaul and other measures.
The Trump administration has taken an increasingly protectionist stance on trade recently. Earlier this month, the U.S. slapped tariffs on $34 billion of Chinese goods. The U.S. has also implemented tariffs on steel and aluminum imports from Mexico, Canada and the European Union. They have retaliated against those levies with tariffs of their own.