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
Maybe you thought the stock market's remarkable run would never end, or maybe you knew last year's impressive gains wouldn't last forever.
But you probably didn't expect the dramatic swings of the past few days. Yet, a steep decline in the major stock market averages doesn't mean dire consequences for your long-term investments. Here's what to do — and not to do — now:
Remember why you are investing. You have goals. You want to buy a house in five to seven years. You want to pay for college for your kids — or at least defray some of the cost. You're saving for your retirement. You are investing now for what you want to do in the future.
If you don't have a plan, that's a problem. Work on one now. If you do have a plan, then you need to stay the course.
"Financial planning helps remove emotions from investing and helps keep your focus on your goals, not the markets," said financial advisor Douglas Boneparth of Bone Fide Wealth in New York. Review what your goals are, and then stay on that plan.
How much risk can you really stomach? This market slide will be a good indication. If you've lost sleep, you may want to reassess whether you are investing too aggressively.
You'll definitely want to stay invested in stocks for the long term but may want to diversify the mix of stocks and stock funds in your retirement, college savings plans, and other accounts.
But if you need the money in less than five years, it probably shouldn't be invested in stocks.
Cathy Curtis of Curtis Financial Planning in Oakland, California, tells clients "if something has changed in their financial life, and they will have a need for some cash in the next two to three years for a large purchase, then I recommend that they reduce their allocation to stocks." Review what you own now and why — and research your options before making any moves.
Speaking with a pro who has weathered market turmoil many times may help give you a much-needed gut check in this volatile time. Talk to a financial advisor, a professional to help you, calm you down and work with you as you review your goals, reassess your risk and perhaps reset your investment strategy. Find one through the Financial Planning Association or National Association of Personal Financial Advisors. Again, it's a good time to gain some perspective, it's not a time to panic.