Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
European stocks ended Monday slightly higher after paring some gains as the rally in oil prices faded.
The pan-European STOXX 600 closed 0.12 percent higher, having earlier climbed to its highest level since late April. However, it pared gains after a joint statement on stabilizing oil prices from Saudi Arabia and Russia fell short of hopes.
U.S. financial markets were closed Monday for the U.S. Labor Day holiday.
Oil prices rallied by up to 5 percent in the build up to Saudi Arabia and Russia signing a joint statement on the oil market at the G-20 summit in China. The two nations are going to set up a working group to monitor the oil market and to ensure its stability.
Meanwhile, Markit's final composite Purchasing Managers' Index (PMI) for the euro zone in August was 52.9, below a flash estimate of 53.3 and July's figure of 53.2. August's reading was the lowest since January 2015. But it's still above the 50 mark that divides growth from contraction.
Sterling traded around a seven-week high against the U.S. dollar after the Markit/CIPS PMI for the U.K. services sector jumped to 52.9 in august. This was the biggest one-month gain in the survey's 20-year history, according to Reuters.
Italy's Unicredit fell 0.6 percent after chief executive Jean-Pierre Mustier said he was not worried that a capital-raising for the lender would clash with a planned cash call for Banca Monte dei Paschi di Siena (BMPS).
And shares of BMPS closed lower by around 1.04 percent after La Stampa reported that Italian Prime Minister Matteo Renzi has spoken with Angela Merkel about using the European Stability Mechanism to give funds to the troubled lender if its planned capital-raising doesn't work.
Elsewhere, Marks and Spencer will cut 500 jobs at its head office this week, according to a Sky News report on Saturday, sending shares in the British retailer 1.4 percent lower.
Spain's Telefonica traded higher after it announced its intention to float for a partial listing of its Telxius masts unit and said that it will decide on a partial sale or initial public offering of its U.K. O2 unit in the next few weeks.
In other news, Angela Merkel has suffered a sobering defeat in regional elections this weekend. The right-wing Alternative for Germany (AfD) party was the second-most popular party in regional elections in Mecklenburg-Western Pomerania, beating the German Chancellor's CDU party for the first time in a state vote. The center-left Social Democrat party (SPD) came first, however.