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
Amazon's ad business will boost the internet giant's shares, according to one top Wall Street firm.
Morgan Stanley increased its "bull case" price target for Amazon shares to $2,100 from $2,000. The new price represents 52 percent upside to Thursday's closing price. The firm also raised its "base case" forecast for the stock to $1,400 from $1,250.
If the company's stock reaches the "bull case" forecast, Amazon's market value would be $1.01 trillion.
Analyst Brian Nowak told clients in a note Friday that he had previously underestimated the advertising aspect of Amazon's business, saying we "remain bullish Amazon's ad opportunity as the company continues to drive its high margin revenue stream businesses that enable it to invest harder than ever and deliver upward revisions."
The analyst reiterated his overweight rating for Amazon shares.
He predicts the $55 billion currently being spent by companies to get good shelf space and other advantages with brick-and-mortar retailers could move to online ad spending, benefiting Amazon. As a result, he estimates Amazon's sponsored ad business will grow 54 percent per year from 2016 to 2019.
Amazon shares rose 1.6 percent Friday morning.
The company will report its fourth-quarter earnings on Thursday.