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
The European Central Bank needs to recognize that the Europe's needs cannot be solved by monetary policy, according to UBS Chairman Axel Weber.
Weber, who was a member of the European Central Bank Governing Council from 2004 to 2011, stressed that monetary policy is only effective as an "interim solution or an intermediate solution."
"What you have in Europe is, I think, an over-reliance on monetary policy to fix problems," Weber told CNBC's "Managing Asia."
"Central banks have actually facilitated or at least encouraged other policymakers like finance ministers or those that do structural reforms to somewhat take a relaxed attitude towards acting fast," Weber said, adding that structural changes were essential to lift the growth potential of European economies and gain long-term traction.
Weber is one of a growing number of people calling for policymakers to step up on the fiscal front, as monetary policy seemingly reaches its limits.
In the ECB's September meeting, President Mario Draghi surprised markets by holding interest rates steady and not extending the deadline for its trillion-euro bond-buying program. The ECB's benchmark refinancing rate remained unchanged at 0 percent, while its marginal lending facility rate stands at 0.25 percent, and the rate on the deposit facility at negative 0.4 percent.
The UBS Chairman also added that the private sector needed to be encouraged to invest in Europe's infrastructure, which would help stimulate growth in the region.
"Infrastructure is going to be the buzzword for the next 10 years, not monetary policy,and change the fate of Europe," he said.