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
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread 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
"Psst. Hey, Bud. Want a sure thing? Anytime the VIX has an 11 handle, back up the truck and go long volatility because you will never lose money. Doesn't happen often, but when it does."
That's the thing about markets, the only predictability about them is the unpredictability which for some odd reason is manifested in periods of complacency which only occur when market denizens believe they have it figured out, as evidenced by record low volatility readings.
Newly hawkish Fed head Eric Rosengren's comments last Friday led to a one-day 50 percent spike in the CBOE Volatility Index, which then only beat a slight retreat after Fed Governor Lael Brainard, in an apparently unscheduled speech on Monday that was much anticipated as to whether or not she too would make the turn to the dark side, instead reiterated her case for standing pat on rates. Friday's equity losses were partially recovered and the week, which experienced continued volatility, ended on a mostly positive note despite some steep intraday losses midday due to triple-witch Friday.
Europe remained ... well, let's just be polite and say "out of favor" as did oil, traders justifiably coming to their senses, assigning a higher weight to inventory data than to talk of a potential production freeze from Putin. Treasurys and other sovereign debt were the most interesting storylines as yields either held steady or continued to climb.