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
Any CEO who stays on any of the White House business advisory councils will face backlash because they'll be on the wrong side of history, Larry Summers told CNBC on Wednesday.
The former Clinton Treasury secretary and ex-Obama economic aide said on "Squawk on the Street" the controversy over President Donald Trump's comments since Saturday's deadly white nationalist rally in Charlottesville, Virginia, is "unlike anything we've seen before."
There's always room for debate on policy positions, Summers said. "But this is traducing basic American traditions of justice, inclusion, and fairness."
"[McMillon] is not fit to be the CEO of Wal-Mart if his judgment is so bad as to suppose that being a member of this council is giving him some kind of effectiveness," Summers argued. "What he may be — and what a number of CEOs are — is scared; scared that if they leave, the president using the tools of government will retaliate."
If Trump has created a culture of fear among American CEOs, "that is a particularly damning indictment far beyond any in Charlottesville of his presidency," Summers said.
Wal-Mart declined to comment on Summers' remarks.
On Monday, Merck CEO Ken Frazier resigned from the White House manufacturing council, igniting the debate about whether corporate leaders should leave Trump's advisory panels over the president's response to Charlottesville.
On Tuesday, AFL-CIO President Richard Trumka, union colleague Thea Lee, and the president of the Alliance for American Manufacturing, Scott Paul, resigned as well.
"I cannot understand why others have not followed Ken Frazier out the door. I cannot understand why they have not endorsed his courageous action," said Summers. "This is not a happy day for American business."
Summers spoke before a member of Trump's Strategic and Policy Forum told CNBC the panel has agreed to disband. Also Wednesday, Campbell Soup chief Denise Morrison and 3M CEO Inge Thulin resigned from Trump's manufacturing council.
In addition to calling out corporate America, Summers also said Wednesday he's surprised no officials of Trump's administration had resigned.
"There's a tradition in America of people of principle when they are sufficiently offended and disagree with their president on matters fundamental resign," he said.
"I have been disappointed that there have been no resignations on principle by the political appointees of this administration."