Chinese officials will be in Washington this week 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
Presidential contender Hillary Clinton announced a proposal Friday afternoon to raise capital gains taxes for assets that are held for less than six years by top-bracket payers as a way to try and encourage long-term investing, and grow the economy. (Tweet This)
Clinton's plan specifically seeks to double the period of time for the 39.6 percent top capital gains rate (from up to a year to up to two years), and then institute a sliding rate scale until assets are held for more than six years.
"The current definition of a long-term holding period—just one year—is woefully inadequate," Clinton said. "That may count as long term for my baby granddaughter, but not for the American economy. It's no way to run a tax system."
After that six-year point, those gains would face the current 20 percent tax rate.
Clinton's proposal comes as part of her plan to fight what she sees as an excessive focus on quick profits in capital markets.
Citing recent surveys of corporate executives, Clinton highlighted the pressures of short-term targets over long term growth, saying that her plan would help fix that problem.
"It is clear that the system is out of balance, the deck is stacked in too many ways, and powerful pressures and incentives are pushing it even further out of balance," she said. "Quarterly capitalism as developed over recent decades is neither legally required nor economically sound...and fixing it will be good for everyone."
"Real value comes from long-term growth, not short-term profits," she added. "American business needs to break from from the tyranny of today's earning report."
Clinton said she would look to address "very short-term trading" conducted over "days, hours, or even milliseconds."
The presidential contender also proposed eliminating capital gains taxes for some long-term investments in innovative start ups and struggling communities.
"Of course I understand that these changes to the tax code alone will not shift investors' focus from short term to long term overnight, but I believe this reform is an important first step toward removing some of the incentives that push us toward quarterly capitalism," Clinton said, explaining that she plans to propose more reforms later in her campaign.
Clinton's speech also featured an attack on "hit and run activists" who focus on extracting as much value as quickly as possible from companies "no matter how much it discourages and distracts management from pursuing strategies that would add the most long-term value for the company."
"So we need a new generation of committed, long-term investors to provide a counter-weight to the hit-and-run activists," Clinton said.