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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
A Federal Reserve interest rate hike seems appropriate later this year despite muted growth in the second quarter, a top Fed official said Friday.
The timing of a move to hike rates depends largely on economic outlook, said William Dudley, president of the New York Federal Reserve, in prepared remarks Friday afternoon. He added that he expects U.S. growth to pick up, saying he has greater confidence inflation is moving back to the central bank's 2 percent target.
Dudley—a voting member of the Fed's policy making committee—noted that he sees a shallow increase for rates. "Turbulence" in markets seems likely when the central increases rates, he said. (Tweet this)
His remarks came on the heels of the government's monthly jobs report on Friday morning. The U.S. economy added a better-than-expected 280,000 jobs in May.
Wages rose 8 cents an hour, equating to an annualized increase of 2.3 percent.
The job market still has "some ways to go," Dudley said. Wage gains are higher than in recent years, and a tightening labor market could eventually lead to more progress on wages, he noted.
The central bank's policy making committee has repeatedly stressed that a move to hike interest rates would depend on economic data.
Dudley's comments follow Fed Governor that second-quarter data indicate the U.S. economy has lost momentum. Earlier this week, Governor Lael Brainaird also said the economy has yet to show signs of a rebound after a sluggish start to the year.
The government said the U.S. economy contracted at a 0.7 percent annual rate in the first quarter.