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
The euro rose for a third consecutive day on Thursday after breaking through a key technical level when a flurry of European business surveys pointed to a strengthening growth outlook for the region.
Surveys covering both the services and manufacturing industries in Europe outshone even the most optimistic forecasters in Reuters polls, indicating growth is broad-based.
The euro was up 0.25 percent on the day at $1.185 against the dollar and not far from a one-month high of $1.1862 set last week in a holiday-shortened week.
Trading conditions were thinner than usual on Thursday, with Japanese financial markets shut for a public holiday and U.S. markets closed for Thanksgiving.
"The economy seems to be on autopilot for now, not dependent on reform or leadership to the same extent as in 2003-04, when the euro zone required reforms and thus strong leadership," Morgan Stanley strategists said in a note.
It conclusively broke above a 100-day moving average on Wednesday.
"There is a general trend of euro-positive sentiment going through the markets and that is keeping the euro firmly supported and the ECB minutes were along expected lines," said Commerzbank currency strategist Esther Reichelt in Frankfurt.
The minutes of the European Central Bank for its October meeting didn't yield anything new, with policymakers broadly agreeing last month on extending its asset purchase scheme.
Meanwhile the dollar nursed losses after posting its biggest loss in five months on Wednesday as investors trimmed bets on the outlook for U.S. interest rate hikes next year, based on minutes from the Federal Reserve's latest policy meeting.
With Chinese stocks down between 2-3 percent in Asian trade, low yielding currencies such as the and the Swiss franc remain firmly supported against the greenback as investors shied away from taking positions in a holiday-shortened week.
The Fed minutes, however, also highlighted concern among some of the members over the inflation outlook, with the emphasis placed on economic data in determining the timing of future rate rises.
The dollar edged 0.10 percent lower against a broad trade-weighted basket of currencies on Thursday to 93.13 after falling 0.8 percent in the previous session, its biggest daily percentage fall since June.
Chinese shares took a sharp hit in the Asian session with mainland indexes down between 2-3 percent, exacerbating investor caution and dampening risk appetite.
Reflecting the growing uncertainty about the future outlook for U.S. interest rates, an overnight rally in June futures contracts meant that markets were pricing in a U.S. Fed funds target rate of 1.58 percent by then, implying only 2 more rate hikes, below market consensus.