Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Facebook tumbled 7.3 percent Wednesday following a spate of bad news, including revelations that it shared more user data than previously thought and a lawsuit from the Washington, D.C., attorney general.
The drop is the second-steepest this year for Facebook, following a 19 percent drop on July 26 after an earnings report warning of slowing sales. Before Wednesday's Federal Reserve meeting, Facebook had been the only major tech stock in the negative. By the end of the day, it suffered the worst fall among its peers as the Nasdaq Composite Index closed down 2.17 percent.
On Tuesday night, the New York Times published a story alleging Facebook shared unprecedented amounts of data with partners, based on internal documents from Facebook and interviews with more than 50 former employees. The report says Facebook even allowed some companies, like Spotify, Bing and the Royal Bank of Canada to access user's private messages. It says some companies were allowed to view certain information from users' Facebook friends without explicit consent.
The allegations, some of which are as recent as this year, could put Facebook in jeopardy of being found in violation of its 2011 agreement with the Federal Trade Commission. The agreement required Facebook make clearer how it shared data with third-parties and banned it from sharing friends' data without their consent. Facebook reportedly considers its "partners" to be extensions of its core business, rather than third-parties.
The FTC declined to comment on the Times investigation for an earlier story, but the commission has previously confirmed it was looking into Facebook's privacy practices following the Cambridge Analytica scandal.
In a blog post responding to the article, Facebook said, "To be clear: none of these partnerships or features gave companies access to information without people's permission, nor did they violate our 2012 settlement with the FTC."
The news was followed by an announcement Wednesday morning that the attorney general's office of Washington, D.C., would sue the company for "failing to protect its users' data".