Chinese officials will be in Washington on Wednesday to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread 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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Kraft Heinz has named 29-year-old 3G Capital partner David Knopf its new chief financial officer.
Knopf replaces Paulo Basilio, 42, who will become president of Kraft Heinz's U.S. business. The food giant sells a variety of products ranging from ketchup to macaroni and cheese.
Knopf joined Kraft Heinz in 2015, initially serving as vice president of finance, head of global budget and business planning, zero-based budgeting and financial and strategic planning. Most recently, he served as vice president of Planters, a nut brand, according to his LinkedIn profile.
Before starting at Kraft Heinz, Knopf held various positions at private equity firm 3G Capital. He helped with several large acquisitions, including Burger King and Heinz. Knopf has been a partner of 3G Capital since 2015.
3G Capital and Warren Buffett's Berkshire Hathaway own a little more than half of Kraft Heinz, according to data available on FactSet.
Prior to joining 3G Capital, Knopf was a private equity associate at Onex Partners and an investment banking analyst at Goldman Sachs, according to his LinkedIn profile.
The company also announced George Zoghbi, chief operating officer of U.S. business, will transition to a strategic advisor role.
Shares of Kraft Heinz were mostly flat on the news, up just 0.26 percent on the day. They are down about 6.5 percent on the year. Packaged foods as a whole have struggled this year as more consumers shift toward fresher options and smaller, local brands.