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
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
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
Taiwan's Hon Hai Precision Industry, the main manufacturer of Apple products and a symbol of U.S. outsourcing, is reportedly weighing a plan to build an advanced display manufacturing facility in its largest market.
At the company's 40th anniversary celebration on Sunday, Chairman Terry Guo said he is looking to relocate capital-intensive and high-tech manufacturing to the U.S., the Wall Street Journal reported.
(Read more: Foxconn saves the day for BlackBerry; stock spikes)
"Automation, software and technology innovation will be our key focus in the U.S. in the coming few years," Gou said, according to the WSJ.
Hon Hai, which is better known by the trade name Foxconn, draws an estimated 40-50 percent of its revenue from assembling gadgets and other work for Apple.
The company is assessing the feasibility of building an advanced 10th-generation panel manufacturing plant in the U.S., Gou said. Such a facility could produce liquid display screens larger than 60 inches. He said it is currently difficult to ship large TV screens to the U.S from Asia.
(Read more: China's Foxconn looks for life beyond iPhone)
As revenue from its low-margin contract manufacturing business slows, Hon Hai has been diversifying into other areas including software development and telecom services.
In November, the Taiwanese electronics giant said it might invest $40 million in the U.S. state of Pennsylvania to build a high-tech manufacturing facility for goods such as components for telecommunications equipment and internet servers and jointly develop robotics with Carnegie Mellon University.
Hon Hai, which is facing surging labor costs in its Chinese factories, has diversified its production base across more than 10 countries, including Vietnam, Turkey, Brazil, Mexico and Hungary, according to WSJ.
And Guo said the company also plans to make Indonesia a key production site in the coming years.
(Read more: Your software is going to get smarter)
In December, Foxconn and BlackBerry entered a deal to design and market phones in Indonesia. Before setting up a factory in Indonesia, Foxconn will make BlackBerry phones at its Chinese factories.
Earlier this month, the governor of Indonesia's capital said he is willing to provide up to 200 hectares (494 acres) of land to the company to build a factory there as part of efforts to attract more high-tech investments.
—By CNBC's Ansuya Harjani. Follow her on Twitter @Ansuya_H