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
Steve Schwarzman, chairman and CEO of Blackstone, calls the tax reform working its way through Congress a "game changer."
The billionaire former advisor to President Donald Trump as part of his policy forum, told CNBC's "Halftime Report" on Tuesday that the bill was "actually sort of a game changer because there has been enormous frustration in terms of getting legislation passed."
Sure the tax plan isn't a love letter to private equity, he acknowledged. The bill proposes to eliminate the deductibility of interest, something Schwarzman said would be a slight negative for private equity firms, which buy companies using financing.
It also proposes that ordinary income tax be applied to investments of fewer than three years, a longer timeline than the one year threshold currently applied, something that is also not a positive for his firm, he said.
Still, passage of the tax plan would be a sign of progress during a year in which Trump struggled to push his agenda through Congress, losing out on health-care reform after multiple attempts. Schwarzman led the president's policy forum, which disbanded this summer as CEOs revolted against Trump's comments in which he failed to condemn violence at a white nationalist rally.
Tax reform is seen as a critical goal of Trump's first year in office.
Schwarzman told CNBC on Tuesday: "This is a whopper. There is no doubt about it in terms of its impact, scale and the fact that many people thought that this wouldn't work. It seems at this point a pretty good shot that this is going to get resolved before Christmas."