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
Feeble U.S. economic growth since the Great Recession is due almost entirely to a plunge in homeownership to more-than-50-year lows, according to new data released Monday.
A return to more normal homeownership levels could have added more than $300 billion, or an additional 1.8 percent in growth, to the economy last year, a Rosen Consulting Group study found.
"Usually when we get recovery in the economy, the housing sector leads the way," Ken Rosen, chairman of Rosen Consulting, told CNBC's "Squawk Box," saying that low interest rates would typically spur on the housing market and boost ownership.
Yet, despite an uptick of 7.5 million new total households in the past decade, there were nearly 1 million more homeowners in 2006 than there were in 2016, the data showed.
Bolstering homeownership, the report said, could be the "single most important key to returning the United States to a path of robust economic growth."
President Donald Trump "can get the 3 percent-plus growth he needs by just moving back the regulatory environment and giving a safe harbor for those lenders in the marketplace," Rosen said. "I think it's something that can be done by changing regulations rather than a bill in Congress."
"Lenders are very reluctant to go outside of a very conservative lending box because of all of the penalties and multibillion dollar fines," he said.
But Rosen stopped short of calling for a prerecession regulatory environment, which in certain cases allowed people to get mortgages without a steady job or credit score. Instead, he urged a 2002-type environment.
Rosen, also chairman of the Fisher Center for Real Estate & Urban Economics, said part of the reason homeownership is so important to GDP is it's a multiplier effect: When people buy a new house, they spend on everything from refrigerators to furniture to landscaping.