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
"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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Dealmaking is not nearly at a high yet, and the mergers and acquisitions cycle is likely only in the fifth inning, Blackstone Group chief Steve Schwarzman told CNBC on Wednesday,
The reason? The economy is starting to do much better, and companies have $2 trillion in cash on hand, Schwarzman said in a "Squawk Box" interview from the Business Roundtable summit. Companies are now in the phase of the M&A cycle in which they are buying similar kinds of businesses that allow them to take costs out and get positive synergies, he added.
Asked what roll the current low-interest-rate environment will play in dealmaking, Schwarzman said the Federal Reserve's approach to raising rates is a little overrated in terms of its impact.
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"I think they're going to be quite cautious. They've worked since the crisis to make sure the U.S. has got positive momentum economically, and they're not going to stop that voluntarily, I don't think, for some period of time," he said.
A gradual interest rate increase of 50 to 100 basis points will certainly make news, he said, but it will not make a material difference to the U.S. economy.
"Markets will respond on an interim basis, but fundamentally the economy will grow through that. I don't think the Fed will throw us into a next recession," he said.
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