Chinese officials will be in Washington on Wednesday 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
Markit said it priced its initial public offering at $24 per share, valuing the financial information service provider at about $4.3 billion.
Markit's IPO raised about $1.28 billion, after the company priced its enlarged offering of 53.5 million shares at the mid-point of its expected price range of $23 to $25 per share.
The company, which competes with Bloomberg and Thomson Reuters, said the selling shareholders, including certain employees and members of management, sold all the shares in the offering.
Founded by Canadian Lance Uggla in 2001, Markit provides pricing and reference data and indices and valuation services. The company serves more than 3,000 institutional customers globally, including banks, hedge funds and asset managers.
Singapore state investor Temasek Holdings holds about a 10.47 percent stake in Markit through its wholly owned subsidiary, Esta Investments.
These firms also use Markit's financial data and trade processing services.
Bank of America's stake in Markit will fall to 4.6 percent from about 8 percent after the IPO, while Esta Investments will trim its stake slightly to 10.38 percent.
Markit's profit attributable to equity holders fell about 21.5 percent to $39.8 million for the quarter ended March 31. Revenue rose about 14 percent to $259.4 million.
The company's information unit, which offers products for independent valuations, trading, and liquidity and risk assessments, contributes about 49 percent of its revenue.
Markit is expected to debut on the Nasdaq on Thursday under the symbol "MRKT."