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
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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gold settled slightly lower on Monday, having hit a fresh five-week high earlier after weak U.S. economic data buoyed investors' belief the Federal Reserve would stick with its bullion-friendly stimulus measures at a policy meeting later this week.
Pending home sales slumped 5.6 percent in September, a rate that was far steeper than expected and the biggest drop in more than three years.
The Fed starts its two-day policy meeting on Tuesday and is widely expected to keep its bond-buying stimulus unchanged at $85 billion per month. Most expect the central bank will delay withdrawing stimulus until March 2014.
Spot gold hit a best since Sept. 20 at $1,361.60 an ounce after the data, and was up 0.2 percent to $1,354 an ounce. for December delivery settled 30 cents lower at $1,352.20 an ounce.
"Gold is very sensitive to the U.S. data because if more and more figures confirm that tapering will be delayed, that is positive for the U.S. Treasury market and negative for yields,'' Quantitative Commodity Research owner Peter Fertig said.
The dollar held above a nine-month low against a basket of currencies, while U.S. Treasury yields were little changed at 2.5 percent, well below a peak of 3.0 percent recorded at the beginning of September.
Returns from U.S. bonds are closely watched by the gold market given that the metal pays no interest.
Bullion has fallen nearly 20 percent this year on fears that the end of easy money from the U.S. central bank would dim the metal's inflation-hedge appeal.
In the past two weeks, however, gold has gained 7 percent as weak U.S. data and budget battles in Washington looked set to deter the Fed from scaling back asset purchases.
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