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
As earnings season begins, indications show stocks are getting more disconnected from corporate fundamentals — the latest sign of just how much the search for returns may be distorting markets.
The U.S. Federal Reserve's low interest rate policy and moderate global growth have kept Treasury yields near all-time lows. As a result, investors have preferred to buy stocks, pushing the S&P 500 to record highs with sectors moving in tighter correlation to one another, or more similarly, than they have in the recent past.
The average correlation between any given S&P 500 sector and the broader index rose to 84 percent last month, according to a Convergex report published Tuesday. That level tops the sub-70 percent correlation figures of the second quarter of this year, and approaches the 97 percent correlation of 2011, the note said.
"If you historically can outperform by picking the right sectors, this (correlation) tells you, you have to be more dramatically underweight or overweight," said Nicholas Colas, chief market strategist at Convergex.