Chinese officials will be in Washington on Wednesday 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
U.S. fund investors are bolstering their bets that the Federal Reserve will bypass an interest-rate increase later this month by pouring new cash into corporate bonds and emerging markets as well as U.S. stocks.
Investment-grade bond funds nabbed $2.8 billion during the week through Sept. 7, Lipper data showed on Thursday, the best result for those products since the week through July 13 and adding to a near-unbroken streak of inflows since March.
"The main driver we're seeing out there in the market is the Fed, and trying to read the Fed," said Pat Keon, research analyst for Thomson Reuters Lipper. "The general consensus is no for September."
Corporate debt has become a hot commodity amid increasingly negative bond returns and expectations that the U.S. Federal Reserve will keep interest rates low for a while.
Rising rates erode bond prices. Fed officials have sought in recent weeks to revive expectations of a rate hike this year, perhaps as soon as their Sept. 20-21 policy meeting, but some weak U.S. economic data seemed to suggest such a move might be unlikely.
Emerging markets continued to shine, with equity funds focused on the sector taking in $439 million, their 10th straight week netting cash.
Developing market debt funds added $293 million, their 11th week of inflows in the past 12. Higher rates raise borrowing costs for indebted emerging markets. Those countries often borrow in U.S. dollars, which often rise in value alongside rates. U.S. funds focused on domestic shares, like the SPDR S&P 500 ETF, took in $609 million. That contrasts with international stock funds offered in the United States, which posted $879 million in outflows.
Overall, U.S.-based taxable bond funds took in $3.4 billion in cash during the week, Lipper said. Yet investors did continue to cut exposure to so-called "bond proxies," relatively high-yielding segments of the stock market that could see a pullback if rates rise. Utilities sector funds, for instance, recorded their sixth straight week of outflows, totaling $333 million.
Higher rates could make it harder for such companies to borrow. At the same time, yields on bonds could rise, drawing away investors from such stocks to bonds. fifth straight week of inflows.