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
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Donald Trump announced on Sunday that Defense Secretary James Mattis will depart the Pentagon by January 1, a date earlier than anticipated after his stunning resignation, and will appoint Patrick Shanahan — the agency's number 2 official — as acting Secretary.
The president's announcement, made via Twitter, comes days after Mattis stunned Washington by announcing his resignation, prompted by what the former marine said were policy differences with Trump. The move was amplified by news on Saturday that Brett McGurk, the U.S. envoy to the global coalition fighting Islamic State-inspired terrorism, resigned in protest to the Trump administration's plans to withdraw troops from Syria.
Amid tensions with Mattis, the president sent shock waves through the global security establishment last week by announcing troop drawdowns in both Syria and Afghanistan, moves that Mattis was said to oppose. In his resignation letter, the general delivered a harsh assessment of his boss' policy objectives.
A New York Times report suggested the letter's phrasing — which led to endless negative headlines — was the impetus behind Trump's decision to remove him earlier than expected.
"Trump's decision to accelerate Mattis' departure ... seems like more of the same ungrateful and precipitous behavior which characterizes the Trump presidency," said Carl Tobias, a legal scholar at the University of Richmond School of Law.
"Mattis has served the nation honorably and effectively for decades, and his resignation letter was clear and pragmatic about the US role in the world. Mattis' successor... must be as careful, wise and realistic as Mattis," Tobias said.
On Saturday, Trump appeared to take a veiled swipe at his former Pentagon chief, saying on Twitter that he gave Mattis the benefit of the doubt when he was booted by the Obama administration.
"When President Obama ingloriously fired Jim Mattis, I gave him a second chance. Some thought I shouldn't, I thought I should," Trump stated. Responding to the former general's resignation letter, in which he suggested the U.S. should hold fast to its global allies and international commitments, Trump said that "allies are very important-but not when they take advantage of [the] U.S."
Shanahan, a former Boeing executive, became the deputy secretary of defense in 2017. A Washington state native like Mattis, Shanahan is responsible for managing the Pentagon's colossal $700 billion defense budget.
He has spent the last year in his role as the No.2 defense official, focused on reforming the internal processes of the Pentagon.
Shanahan "will continue to serve as directed by the president," said U.S. Army Lt. Colonel Joe Buccino, to CNBC on Sunday. "The Department of Defense will remain focused on the defense of the nation."
--The Associated Press contributed to this report.