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
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
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
China's once-stellar economic growth will grind lower for the next five years and will fall below 6 percent in 2020, the International Monetary Fund (IMF) forecast on Friday.
The IMF sees China's economy growing by 6.6 percent in 2016 — beating Shanghai officials' target for this year — but slowing each year thereafter until 2021. The exception is 2018 and 2019, with growth of 6.0 percent seen in each year.
In a report on Friday, the IMF said China was struggling with slower private investment and weak external demand.
"The economy is advancing on many dimensions of rebalancing, particularly switching from industry to services and from investment to consumption. But other aspects are lagging, such as strengthening SOE (state-owned enterprise) and financial governance and containing rapid credit growth," the IMF said.
Economists have long disputed the accuracy of China's official economic data, but agree its economy has steadily slowed since growth above 10 percent was reported in 2010.
This year and last, global markets have been highly sensitive to hints that China's slowdown is worsening, contributing to a major equity rout in January.
Markets wobbled at the start of this week after China reported a greater-than-expected fall in dollar-denominated trade for July.
Despite the slowdown, China's growth outlook remains far higher than for advanced economies and many emerging ones. The IMF sees the world averaging economic growth of just 3.1 percent in 2016 and 3.4 percent in 2017.