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
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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 Apple iPhone 7 and 7 Plus hit retailers in many countries on Friday.
The iPhone's September launch has been known in the past for drawing lines of enthusiastic fans out the door, but this year's response has been more muted as online pre-orders wiped out initial quantities of the iPhone 7 Plus and the new jet black color of the smaller iPhone 7.
But instead of massive lines outside London's flagship Apple store in Covent Garden as seen in previous handset debuts, there were just a few people waiting on the sidelines.
Piper Jaffray analyst Gene Munster estimates that the iPhone 7 launch line at Apple's flagship 5th Avenue store in New York City was around 400 people, versus 650 for the iPhone 6s and 1,880 for the iPhone 6. But he believes that demand remains strong, according to a research note, since pre-order commentary was positive.
Sales of the mobile device are closely watched on Wall Street, seen as a bellwether for the performance of the world's most valuable company. Shares of Apple were down 1 percent on Friday, but were still on track for their best week since 2011.
IPhone sales also important part of the holiday season for retailers: Before the launch of the iPhone 7, retailer Target posted a double-digit same-store sales decline in electronics during the second quarter, including a "significant drag" due to a 20 percent slide in sales of Apple products.
Industry watchers have given the new handset reviews that are solid, but not earth-shattering. Still, Bernstein analyst Toni Sacconaghi said that the pool of existing iPhone users is about 50 percent higher than two years ago, which could raise iPhone sales to consumers in need of an upgrade, regardless of the 7's specs.
"Really with the Samsung recall, the carriers have one new premium-tier phone, and they've been very aggressive with the subsidies. It's really surprised us," Mike Walkley, Canaccord Genuity analyst, told CNBC's "Squawk on the Street" on Friday. "So basically, as a U.S. consumer, if you've paid off your iPhone 6 through your installment plans, you'r basically going to get the iPhone 7 for free."
— CNBC's Arjun Kharpal, Evelyn Cheng and CNBC International contributed to this report.