Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
White House economic advisor Larry Kudlow said Thursday that U.S. Trade Representative Robert Lighthizer is "getting close" to a trade deal with Mexico.
Asked whether negotiations are nearing an end, Kudlow replied "Yes, yes. And our trade meeting with president – I don't want to give away any detailed secrets, but trade ambassador Lighthizer ... he's getting close. I think he was a little more optimistic than I've seen him in many moons."
The Mexican peso rose immediately following Kudlow's comments, up 0.8 percent against the dollar at 18.96.
Kudlow, who made his comments on CNBC's "Squawk Box," is director of the National Economic Council and one of President Donald Trump's top economic advisors. His comment come just days after Trump announced that the two nations were making progress on a trade deal.
"Deal with Mexico is coming along nicely. Autoworkers and farmers must be taken care of or there will be no deal. New President of Mexico has been an absolute gentleman," Trump tweeted last Friday.
"Canada must wait. Their Tariffs and Trade Barriers are far too high. Will tax cars if we can't make a deal!" he added.
The U.S. and Mexico had been having bilateral discussions, and the U.S. said it could do separate deals with Mexico and Canada in trying to renegotiate the North American Free Trade Agreement. Trump has repeatedly threatened to pull out of NAFTA if his administration cannot adjust the pact to better serve his country's interests.
Last month, however, Mexican and Canadian officials said they wanted to work toward a trilateral deal, and were not interested in bilateral agreements with the U.S.
Kudlow confirmed on Thursday that the U.S. and China will resume trade talks this month. The forthcoming talks comes amid hopes that a back-and-forth tariff battle between the two countries can be resolved.
He also said the strong dollar is a "sign of confidence" in the United States.