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
President Donald Trump on Tuesday said Rep. Tom Marino withdrew from consideration for the nation's drug czar, following an investigation that detailed his role in pushing for a law that weakened DEA enforcement during a growing opioid crisis.
A Washington Post and CBS investigation published Sunday described Marino as the "chief advocate" for a drug industry-friendly law that hobbled Drug Enforcement Administration efforts to fight the distribution of prescription narcotics. President Barack Obama signed the bill into law in April 2016.
On Monday, Trump had said he would "make a change" if he felt Marino's nomination hurt his efforts to curb opioid abuse. Trump had tapped Marino, a Pennsylvania Republican and supporter of the president, to lead the Office of National Drug Control Policy.
Manchin, whose state has been hit heavily by the opioid crisis, said in a letter to Trump that Marino's support for the law shows he "either does not fully understand the scope and devastation of this epidemic or ties to the industry overrode those concerns."
In a statement on the Senate floor Monday, Schumer said picking Marino for the position "is like putting the wolf in charge of the hen house."
A spokesman for Marino did not immediately respond to CNBC's request for comment.
More than 33,000 people died in 2015 from prescription opioids, heroin and fentanyl, according to the Centers for Disease Control and Prevention.
The Post report said the law championed by Marino "makes it virtually impossible" for the DEA to freeze suspect narcotic shipments from drug companies. The agency previously had the power to do so and prevent suspicious shipments from reaching the streets, according to the newspaper.
Many members of Congress and the White House did not truly know what the bill would do, said the Post, whose joint expose with CBS was aired on Sunday's "60 Minutes."