Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
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 attorney for President Donald Trump's former personal lawyer and fixer Michael Cohen vowed Friday to subpoena the president and his associates as Cohen seeks to prove Trump's company reneged on a promise to pay his legal bills.
Cohen's lawyer, Lanny Davis, made that promise a day after a state judge in Manhattan agreed to allow the imprisoned Cohen to gather evidence to support a claim in a lawsuit that the Trump Organization as a result of a promise by the company's general counsel owes him more than $1 million in legal fees he incurred from legal proceedings and criminal investigations.
But Manhattan Supreme Court Justice Joel Cohen said that the purported agreement, if it existed, would only apply to such probes "that were pending in July 2017, when the agreement allegedly was made."
The judge said the Trump Organization would not be required to pay Michael Cohen's criminal penalties and fines, which he incurred from investigations by special counsel Robert Mueller and the U.S. Attorney's Office for the Southern District of New York.
"It is not shocking that Mr. Trump welches on his legal commitments to pay what he owes. He has done that all his life and gotten away with it," Davis said in a prepared statement.
"But, this time, Michael Cohen won't relent," Davis said. "He will now serve Mr. Trump and his associates with subpoenas for testimony. If Mr. Trump refuses to testify and thus violates the subpoena, Mr. Cohen should be entitled to receive a 'default judgment' against Mr. Trump for the full amount owed."
"That means Mr. Cohen will have the right to attach and seize Mr. Trump's assets to pay what Mr. Cohen is owed. And that is exactly what Mr. Cohen intends to do."
Davis' law firm and other firms that represented Cohen are owed almost $2 million by Cohen, according to his complaint against the Trump Organization.
Marc Mukasey, a lawyer for the Trump Organization, was dismissive of Davis's statement.
"Read the judge's opinion," Mukasey told CNBC. "The bulk of Michael Cohen's claims were rejected. No spin doctor can change that. We won this round. They lost. Period."
Cohen, 53, is serving a three-year federal prison sentence for various crimes, which include campaign finance violations related to his admitted facilitation of nearly $300,000 in hush money payments to two women, porn star Stormy Daniels and Playboy model Karen McDougal, who claim to have had sexual affairs with Trump more than a decade ago.
Trump denies having sex with either woman.