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
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread 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
For his annual Independence Day bash, California resident Julian Miranda plans to shell out about $600 to contribute to a potluck spread for about 60 to 80 people.
While Miranda knows meat prices have risen sharply, the music consultant and owner of a party planning business isn't going to change anything about the event.
"No, I'm just going to grin and bear it," he said.
Miranda's expected jump in food costs echoes the findings of a new informal survey from the American Farm Bureau Federation, which showed the average cost for a July 4th picnic for 10 is $58.72, 5.4 percent higher than last year.
The survey is based on retail prices from 84 shoppers' findings in 26 states and Puerto Rico.
Meat and dairy prices rose the most. The cost of ground round shot up 13.4 percent, pork spare ribs 13.2 percent and American cheese 14.3 percent.
"Beef supplies are fairly tight right now. We've had multiple years of drought in key production areas," said John Anderson, AFBF's deputy chief economist, in a phone interview.
"There was quite a bit of herd liquidation," Anderson said. "We have not rebuilt from that situation yet."
A virus that's killed millions of baby pigs has also pressured pork prices.
While American cheese was the largest percentage gainer, its small portion of the basket translated into a relatively minimal effect on the total price.
"The main thing that's going on in the dairy sector is we've got really strong demand," Anderson said.
The biggest drop in the survey came from ketchup prices, which fell 12.3 percent.
Looking forward, Anderson sees a silver lining for future cookout baskets.
"The market basket is primarily rising because of what's going on with meat prices," he said. "As we look out, we do see responses in the production system that will ultimately slow those prices down."
—By CNBC's Katie Little