Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread 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
Amazon is taking a new approach to its counterfeit problem by putting brands in control of expunging knockoff products on its site. The company announced Thursday a new program called Project Zero that will let brands delete fake listings themselves.
Like other tech platforms, Amazon has long struggled with how to deal with false or misleading information on its site. But when users post fake products on Amazon, they can have lasting impacts on the brands they are trying to knock off, like pressuring them to lower their prices to compete with the fake versions of themselves.
Removing fakes has proved complicated for Amazon, however, and sometimes the system backfires. One real store on Amazon's marketplace was suspended shortly before Amazon's 2017 Prime Day because of a fake claim of intellectual property violation by a nonexistent law firm, CNBC reported that year.
Now, Amazon hopes to boost its efforts to eliminate counterfeits by putting the power directly in the hands of brands that it invites to the program. Through Project Zero, Amazon will combine self-service counterfeit removal for brands with automated scans of logos and trademarks on its website and unique codes on physical items that will help confirm authenticity. Brands who join the program will be able to delete a listing theyt deem fake without reporting it to Amazon first to ensure it is removed more quickly. Amazon said this information will be used to strengthen its own automated processes, in turn.
"Our aim is that customers always receive authentic goods when shopping on Amazon," Dharmesh Mehta, Amazon's vice president of worldwide customer trust and partner support, said in a statement. "Project Zero builds on our long-standing work and investments in this area. It allows brands to work with us to leverage our combined strengths to move quickly and at scale to drive counterfeits to zero."