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
"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
President Donald Trump on Monday pledged "big" infrastructure spending, putting focus on a key campaign proposal that has taken a back seat in the first month of his administration.
Speaking to a group of governors at the White House, Trump said he will make a "big statement" about fixing roads and bridges in his Tuesday night address to a joint session of Congress. So far, the Republican-controlled Congress has not seen Trump's infrastructure spending pledge as a priority amid efforts to repeal the Affordable Care Act and pass tax reform.
"I'm going to have a big statement tomorrow night on infrastructure," Trump said. "We spend $6 trillion in the Middle East and we have potholes all over our highways and our roads ... so we're going to take care of that. Infrastructure — we're going to start spending on infrastructure big. Not like we have a choice. It's not like, oh gee, let's hold it off."
Trump promised to spend $1 trillion on infrastructure during his campaign, a plan that, along with hopes for tax reform and regulatory rollback, helped to boost many stocks since his election. Hopes for an infrastructure package happening soon sagged in recent weeks due to a packed legislative schedule that will also include a contentious Supreme Court justice confirmation process.
Trump did not give any more details on what specifically he could propose to Congress. It remains to be seen if Republicans can warm to an infrastructure spending proposal, though Democrats have signaled that is an issue on which they can cooperate with Trump.
Still, several infrastructure stocks spiked following Trump's statement.