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
European stocks closed higher on Wednesday, despite weak German industrial production numbers and as investors awaited economic data from the U.S.
In the U.S., Wall Street hovered around the flatline at the open, before trading lower. Investors were waiting on a key report from the Federal Reserve to judge the state of the economy.
In stocks news, shareholders of U.S. seed producer Monsanto increased the pressure on Bayer to raise its already sweetened takeover offer. However, some of the German firm's investors say the current offer is already too high, the Financial Times reported. Bayer shares closed up around 1.1 percent.
Apple was in focus ahead of its latest product launch and its New York-listed shares traded roughly 0.3 percent lower when European markets closed.
"There has been scant signs of 'buy the rumor of new features' in Apple shares, which necessarily makes it difficult to sell the fact of 'the same old iPhone'," Jasper Lawler, market analyst for CMC Markets, said.
Volkswagen shares closed up around 1.4 percent after the Wall Street Journal reported the German carmaker was in advanced talks with China Anhui Jianghuai Automobile to produce electric vehicles in the country.
In other stocks news, Sports Direct, the British retailer unveiled a plan on Wednesday to improve working conditions over the next two to four years. Shares in the firm closed down more than 8 percent.
And shares of Worldpay closed near the bottom of the STOXX 600 after two of the payment processor's largest shareholders — Advent International Corp and Bain Capital — sold 350 million shares in the company.
On the data front, German industrial output for July fell 1.5 percent month-on-month, according to data from the Economy Ministry, its steepest monthly drop since August 2014.