Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The oil market has so far shrugged off rising U.S.-Saudi tensions over the killing of journalist Jamal Khashoggi by agents of the kingdom in Turkey, but the saga appears to be far from over.
A chorus of U.S. lawmakers is questioning Saudi Arabia's official story about the murder, raising the prospect of sanctions or a ban on weapons sales to Riyadh. A speech by Turkey's president slated for Tuesday could give the lawmakers fresh ammunition by further undermining the kingdom's narrative.
Just one week ago, Saudi Arabia was denying any role in Khashoggi's disappearance and vowing to retaliate against foreign countries that sought to hold the kingdom accountable. The veiled threat raised concerns that the Saudis would exact revenge on the United States and others by cutting oil supply and allowing crude prices to bubble higher.
The Trump administration is relying on Saudi Arabia to pump more oil to offset the effect of U.S. sanctions on Iran, OPEC's third biggest producer.
By Monday, Riyadh had acknowledged Saudi agents killed Khashoggi in Istanbul, Turkey, and the nation's energy minister was reaffirming the country's commitment to keep the global oil market supplied. Minister Khalid al Falih said the Saudis had no intention of implementing an oil embargo.
Oil prices were little changed on Monday, following a 3 percent decline for U.S. crude and a nearly 1 percent drop for international benchmark Brent crude last week. Analysts tell CNBC the market remains unconvinced that the Saudis would take the extraordinary measure of using oil as a tool of political retribution.
The Saudis have done a complete 180 since their initial, confrontational statement last week, said John Kilduff, founding partner at energy hedge fund Again Capital. In order for oil prices to react to the scandal, "the Saudis are going to have to get their backs up like they initially did that first weekend," Kilduff said.
The Saudis say Khashoggi died in a fight that broke out after agents confronted him in the Saudi consulate in Istanbul. Foreign Minister Adel al-Jubeir told Fox News the operatives overstepped their bounds by killing Khashoggi and then covered up the murder.
But on Monday, a spokesman for Turkish President Recep Tayyip Erdogan's political party said the incident was "monstrously planned," ahead of the leader's speech on Tuesday. On Sunday, Erdogan said he would explain Khashoggi's killing.
Turkish authorities have reportedly leaked details of the killing, even while the country conducted a joint investigation with Saudi Arabia into the disappearance.
The question is whether Erdogan's speech will largely align with the Saudi account of Khashoggi's death or whether the president will shock the market with new information, said Ayham Kamel, Middle East and North Africa analyst at risk consultancy Eurasia Group.
"So far I think there is some level of Saudi-Turkish cooperation to try not to create a diplomatic crisis between the two countries, and I think that gives President Trump some ammunition to shield the Saudis in Washington," he told CNBC's "Squawk Box" in Asia.
President Donald Trump initially said the Saudi account was credible but later said the Saudis were guilty of "lies" and "deceptions." Still, Trump maintained on Monday afternoon that he didn't want to lose investments from Saudi Arabia, a major buyer of U.S. military equipment.
Germany announced it would halt new weapons sales to Saudi Arabia on Monday.
U.S. Senators and members of Congress have taken a tougher line against Saudi Arabia, publicly questioning whether the kingdom's influential Crown Prince Mohammed bin Salman should remain in power. Prince Mohammed, often called MBS, has been linked to several of the operatives who allegedly killed Khashoggi.
Sen. Lindsey Graham, a senior Republican and close Trump ally, has called for sanctions on Saudi Arabia and said Crown Prince Mohammed bin Salman "has got to go." On Monday, he told CNN he felt betrayed by Saudi Arabia.
Republican Sens. Bob Corker of Tennessee, Rand Paul of Kentucky and Thom Tillis of North Carolina said in television interviews this weekend that they believe MBS likely orchestrated the operation.