Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
The benchmark 10-year Treasury note yield tested 1.5% in late August and early September, bouncing off that level and most recently trading around 1.8%. However, another...Marketsread more
American and European trade representatives met in Washington last week in an attempt to iron out their differences on trade. But talks hit a stalemate after both sides couldn't agree on details that involve the EU buying more U.S. agricultural products, reported CNN.
Last year, Trump threatened to impose tariffs of up to 25 percent on European cars and raised levies on steel and aluminum imports from Europe.
"Trust is really at an all-time low," Marietje Schaake, a member of the European parliament, told CNBC's "Squawk Box."
"The EU is very clear that we want to have rules-based trade, we want to strengthen the multilateral system and we think it is to our mutual benefit to have the U.S. as a partner here," she added. "But President Trump clearly has other ideas. He believes in a more protectionist, nationalist agenda and it's hard to deal with because we don't really know what we can discuss there."
The friction between the U.S. and EU also means that the two sides are missing an opportunity to work together in confronting China's alleged unfair trade practices, said Schaake.
Trump has repeatedly attacked Beijing for practices such as intellectual property theft, barriers to American companies that want to operate in China, and the massive trade imbalance between the two countries.
Such tensions between the world's two largest economies led to a tit-for-tat tariff fight for much of 2018 until Trump and President Xi Jinping agreed in December last year to stop imposing additional tariffs on each other's products as they negotiate a trade deal.
Some of Trump's criticisms of China are shared by the EU, according to Schaake and other European officials.
"I think it is crucial that we talk to the United States, not in the least because we both face challenges from China — a country that is not exactly known for respecting the rules around trade," Schaake said. "So, I think we should actually pursue a shared agenda instead of being divided and opposing each other."
Her view is shared by William Reinsch, senior advisor and Scholl Chair in international business at think tank Center for Strategic and International Studies.
Reinch told CNBC's "Squawk Box" on Wednesday that the U.S. and the EU could together "form what would be the largest middle-class consumer market in the world" with a law-based system that China must adhere to in order to trade with.
"It would be transforming, but (the U.S. and the EU) can't seem to get past all these petty stuff we've been arguing about, really, for 40 years. Whether it's chickens or automobiles or cheese — we can't seem to get past the specifics," he said.