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
The Republican Party has taken control of the Senate. Now it has to prove itself.
As a result of Tuesday's midterm elections, the GOP will have at least 52 Senate seats in January. Results from two states, Alaska and Louisiana, are pending. The last time the GOP controlled the Senate was in 2007.
The pendulum swung in favor of the Republicans on Tuesday night with Joni Ernst's defeat of Democrat Bruce Braley in Iowa.
Read MoreLive: Republicans take the Senate
Currently, Democrats hold 53 seats to the Republican's 45. Two seats are held by independents.
The Republicans also renewed their hold on the House.
But Tuesday night's victories may just be the beginning for the Republicans.
"That's not victory, that's step one," American Enterprise Institute resident scholar Michael Strain said. "Victory comes in demonstrating to the American people that when the Republicans hold a majority in both houses, they can come together by passing a policy vision that reflects conservative principles and will help the lives of American citizens. That's hard, and that's a challenge."
Experts told CNBC that a GOP-controlled Senate will look to pursue several legislative goals, including tax reform and energy infrastructure bills.
One area of interest will be what Republicans choose to focus on with the chamber's banking committee. This could include reforming massive the Dodd-Frank legislation, said Mark Calabria, director of financial regulation studies at the Cato Institute.
Potentially more significant than any policy priorities, Calabria said, is that a Republican-led Senate will mean that regulators would now "try to maintain a good relationship with congressional GOP."
Although a Republican Senate takeover was largely predicted by national and local polls, the development may still create investing opportunities, experts said.
Read MoreMitch McConnell wins re-election
Richard Hastings, macro strategist at Global Hunter Securities, predicted that the new Senate may bolster the American fossil fuels industry by focusing more on stimulating shale gas production and unconventional drilling, and less on alternative energy sources such as wind or solar power.
A "grand bargain" incorporating corporate tax and minimum wage reform may also be a possibility with the new congressional demographics, Hastings said.
"Something is changing: Traditionally one might think that a Republican regime would not be supportive of raising wages, but that classical model may be falling apart," he said.
In fact, two traditionally red states—Nebraska and Arkansas—were among five states that passed ballot measures calling for increases to their state minimum wages.