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
While French President Emmanuel Macron's Le Republique En Marche! party steamrollered its way to a majority in the second round of voting of parliamentary elections, his presidential rival Marine Le Pen's National Front fell victim to France's electoral system.
According to the French Interior Ministry, the far right National Front gained just under 1.6 million votes, placing third after En Marche! and Les Republicains, who earned the support of 7.8 million and 4.0 million voters respectively.
But this figure - equivalent to 8.8 percent of voters - translated to a mere eight parliamentary seats, dwarfed by the 350-seat majority Macron and his centrist allies Modem now hold.
The result did show that Le Pen had made some headway in bringing her anti-EU, anti-immigration party closer to power, as its seat count was up six from the last election in 2012. Le Pen herself won a seat in the northern constituency of Henin-Beaumont.
"The results will allow Le Pen to consolidate her position at the helm of her party. Recall that following her defeat, the latent fractures inside (the National Front) were exposed," Antonio Barroso, deputy director of research at advisory firm Teneo Intelligence write in a note Monday.
Barroso also explained that Le Pen's election will enable the next National Front leader to grow the party into a wider political movement. But, "the tensions inside the far-right force are unlikely to subside anytime soon," he added.
Contrasting with National Front's fate, Modem secured the support of 1.1 million voters. Though this was half a million fewer that the National Front and worth just over 6 percent of the total votes cast, Modem now holds 42 seats.
Emily Mansfield of the Economist Intelligence Unit told CNBC via telephone that the National Front had fallen victim to the France's voting framework. She added that the Fifth Republic, founded after World War Two, had an "electoral system designed to keep extremist parties out."