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
While standing by his January prediction on CNBC for a 10 percent gain in the this year, billionaire Marc Lasry warned that the Trump rally could falter in 2018.
The stock market has been rising since Election Day on the hope that Donald Trump as president can boost economic growth to 3 percent and provide businesses relief from regulations, the Avenue Capital co-founder said Wednesday on "Squawk Box." "The market absolutely believes. I think the market has gotten ahead of itself."
"For the next six months to nine months, everything is pretty positive," said Lasry, who supported Hillary Clinton, reiterating his call for an S&P 500 return of 10 percent this year.
"I'd like nothing better than to have 3 percent GDP growth. I don't think that's going to happen," he warned, predicting economic growth settling around 1.5 to 2 percent. "If you don't get to that 3 percent, yes, then I think [the market] is a little over bought right now."
Going into 2018, he said, "People are going to start realizing there is real issues out there," putting the Trump rally in jeopardy.
In the near term, the stock market on Wednesday was coming off its worst decline since before the election. On Tuesday, the Dow Jones industrial average saw its biggest decline since September and the had its largest one-session sell-off since October.
"I think it is a time to pause because everybody's waiting to see is the health-care bill going to pass," Lasry said, a day before the scheduled vote before the full House of the Trump-backed bill to repeal and replace Obamacare.
If the GOP's health-care bill passes by a relatively decent margin, the rest of Trump's agenda, including tax cuts, can move forward, he said. "That's going to end up being very positive."
Avenue Capital, which specializes in investing in distressed debts, has about $10.7 billion in assets under management.
In addition to running Avenue Capital as chairman and CEO, Lasry owns a stake in the NBA's Milwaukee Bucks.