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
Bridgewater Associates is planning a big expansion into China, according to a report.
The Wall Street Journal sreports that the hedge fund received Chinese government approval for a venture that will raise billions of dollars to invest and sell assets in the country.
The report said the firm also received permission to trade directly on the local Chinese exchanges. Bridgewater already counts the China Investment Corp., the country's sovereign wealth fund and the State Administration of Foreign Exchange, as clients, according to the Journal.
The new China fund's strategy will be similar to one of Bridgewater's key hedge funds.
"It is being created in the mold of Bridgewater's low-fee All Weather portfolio, which follows a 'risk parity' strategy and uses computer-driven bets," the Journal said.
Risk parity is an investment strategy that dynamically adjusts portfolio allocations to stocks, bonds and commodities based on the respective volatility of the asset classes. It often uses leverage to amplify returns.
The firm's founder, Ray Dalio, recently wrote in a LinkedIn blog post that "risks are now rising" in the market and recommended gold as a hedge. He cited increasing geopolitical tensions between the U.S. and North Korea.
Bridgewater is the world's largest hedge fund, managing about $160 billion, according to its website. The firm did not immediately respond to a request for comment.