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
"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
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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
As House and Senate Republicans get set to nail down a final tax bill, House Majority Leader Kevin McCarthy outlined what he wants to see in the plan.
The Senate early Saturday passed its tax bill, which contains key differences from one approved by the House last month. This week, the House and Senate are expected to vote to go to a conference committee, where lawmakers will hash out a final proposal that both chambers will need to pass.
To do so, lawmakers will need to compromise on multiple key differences between the bills. McCarthy told CNBC's "Squawk Box" on Monday where he stood on some of those issues.
McCarthy's stances open up new questions about how to pay for the tax plan. Scrapping the corporate alternative minimum tax and cutting individual rates more dramatically would leave even less revenue going to the government than under the Senate proposal.
The Senate bill would increase budget deficits by nearly $1.5 trillion over 10 years, according to the congressional scorekeeper Joint Committee on Taxation. An earlier, slightly different version would boost deficits by more than $1 trillion even after modest economic growth is taken into account, the committee estimated.
One GOP senator — Bob Corker of Tennessee — defected over budget deficit concerns. Multiple other senators expressed fears about deficits before ultimately supporting the plan.
On Monday, McCarthy signaled that Republicans could take care of the deficit issue by making changes to programs like Social Security, Medicare or Medicaid. Those social safety net programs account for most federal spending.
"I worry about deficits, but you're not going to get out of this problem until you grow the economy. Then, you've got to look at the entitlements," McCarthy said.