The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Renowned energy trader Mark Fisher says the faltering oil market is close to bottoming out, and investors can be relatively sure that crude futures will jump by $10 rather than drop by that amount.
"I think there's limited downside," the MBF Clearing founder and CEO told CNBC's "Fast Money: Halftime Report" on Monday. "If you ask me what the next $10 is, is it up or down? I think it's up."
That move may not come for another month or two, according to Fisher.
Crude futures have tumbled more than $20 a barrel from their four-year highs last month, plunging into a bear market. U.S. crude was trading higher at almost $57 on Monday, while Brent crude was roughly flat at under $67 a barrel, following three straight days of gains for both benchmarks.
Fisher said he believes both surging crude supply and fears over deteriorating oil demand contributed to the pullback. However, he reiterated his view that the worst of the sell-off is due to momentum trading and hedge funds dumping crude futures in order to buy natural gas, which has surged about 45 percent over the last month.
"When that trade is finally unwound and when ... you start seeing ... some more negative stats with no negative price action that's ... when you'd want to buy the dip in crude," Fisher said.
In general, Fisher said "bad news, good price action" is an indicator to buy.
As an example, Fisher pointed to news reports that the CIA believes Saudi Arabia's crown prince, a close ally of the Trump administration, ordered the killing last month of Washington Post columnist and U.S. resident Jamal Khashoggi. Saudi Arabia is the world's top oil exporter.
Fisher said if the United States finds that the crown prince was complicit in the slaying, and the market dips intraday but rallies into the end of the session, that would be a sign to buy oil.