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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
India's cabinet cleared the purchase of 36 Rafale fighter jets from Dassault Aviation on Wednesday, paving the way for signing a deal that Prime Minister Narendra Modi is betting on to modernize the air force, a government source told Reuters.
The acquisition is part of a $150-billion military overhaul India has launched, drawing global arms makers into one of the world's most promising markets.
Under the deal, India will get 36 Rafale jets ready to go straight into service. India's fighter aircraft fleet, comprising Russian, British and French planes, is down to 33 squadrons as against the air force's requirement of 45 to counter a "two-front collusive threat" from Pakistan and China.
The two countries will sign the final deal on Friday, the source, who did not wish to be named as he is not authorized to speak to the media, said.
French defence minister Jean-Yves Le Drian is arriving New Delhi on Thursday, the source said, to sign the deal with his Indian counterpart, Manohar Parrikar. French President Francois Hollande's office confirmed that Le Drian would visit India at the end of the week.
India, the world's biggest arms importer, had intended to buy 126 Rafale planes before several years worth of talks with Dassault broke down and Modi and Hollande stepped in last year to agree on the smaller purchase.
The value of the deal, which had been repeatedly held up as the two sides haggled over financial terms, was not immediately available.
Indian defence ministry officials have earlier said the value of the deal could be $8.5 billion to $9 billion.