These are the stocks posting the largest moves before the bell.Market Insiderread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread 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
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread more
The move is the latest sign of the blurring boundaries between big tech and big finance amid challenges for both industries.Financeread 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
Pizza Hut is also talking with Kellogg and other suppliers about the plant-based meat trend.Restaurantsread 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
Federal Reserve Chairman Jerome Powell said Wednesday that despite reports that President Donald Trump was looking to demote or fire him, he doesn't plan on leaving the central bank anytime soon.
"I think the law is clear that I have a four-year term, and I fully intend to serve it," Powell said at a news conference in Washington.
Asked later at the event when it might be appropriate to publicly address Trump's criticism, Powell said he doesn't "discuss elected officials publicly or privately."
"At the Fed, we're deeply committed to carrying out our mission and also that our independence from direct political control we see as an important institutional feature that has served both the economy and the country well," he said.
Powell's comments came a day after reports that the White House had explored the possibility of "legally demoting" the Fed chief after the central bank tightened monetary policy.
Asked by reporters Tuesday if he still wanted to relegate Powell, Trump told reporters, "Let's see what he does." The president has bemoaned Fed policy for undermining his aggressive trade negotiation tactics with China as well as for dampening GDP and the financial market outlook.
Trump said last week that both the economy and stock market could be doing better "if we had somebody different" in charge of the central bank.
The president said at that time that GDP would be 1.5 percentage points higher had the Fed not enacted rate increases and "quantitative tightening." He added that the stock market would be 10,000 points higher, presumably a reference to the Dow Jones Industrial Average.
"If he did nothing, or perhaps even loosened, we would be in my opinion, just an opinion, 10,000 points higher than already a very high number," Trump said in an interview with ABC News.
But Trump's attacks on the Fed and Powell — whom he appointed to lead the central bank — are nothing new, but still exceptional. Prior presidents have been less vocal in public about their disagreements with the path of monetary policy, thought to be independent of political pressure.
Trump has knocked the central bank consistently over the past year, saying in October that "the Fed is making a mistake."
"The Fed is going wild. I mean, I don't know what their problem is that they are raising interest rates and it's ridiculous," Trump said in an October interview with Fox News. "The problem [causing the market drop] in my opinion is Treasury and the Fed. The Fed is going loco and there's no reason for them to do it. I'm not happy about it."