Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
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
After last week's fumbled nuclear summit in Vietnam, Beijing is worried President Donald Trump might walk away from the negotiating table.
Nuclear talks between Trump and North Korea's Kim Jong Un were cut short after the two sides failed to reach an agreement. The collapse of the Hanoi summit came as a surprise as many experts had predicted that both leaders would try to reach a deal on smaller items.
That diplomatic snafu led Chinese officials to grow worried Trump could do the same in trade talks, a senior administration official told CNBC on Friday.
"The Chinese saw him walk away from North Korea and they're concerned he will walk away from the China deal," the official said. "You don't want to send Xi to Mar-a-Lago and have Trump walk away. That would be a diplomatic catastrophe."
The official said a face-to-face meeting between China's Xi Jinping and Trump is still a ways off, given that the two to three weeks of summit preparation work has not started yet. To ensure such a summit would not follow the same fallout as the nuclear talks in Hanoi, the official said Beijing and Washington are going through "line-by-line negotiations."
"What they don't want is to send their guy here and POTUS says 'nope I'm out of here, see you on the 9th hole,'" the official said.
Earlier Friday, there were reports that a meeting between the two leaders at Mar-a-Lago was cancelled. The White House said that nothing has officially been scheduled or cancelled.