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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
U.S president Donald Trump asserted on Tuesday that "everybody wants to work in the White House." But outgoing National Economic Council Director Gary Cohn doesn't, and neither does Austan Goolsbee, Barack Obama's former economic advisor.
Speaking to CNBC on Wednesday, Goolsbee said he wouldn't take Cohn's position "if it was the last job on Earth."
The leading economist, who is currently a University of Chicago professor, cited disagreements with the administration's policy focus, and concern over recent departures of White House staffers.
The president's intention to slap tariffs on foreign steel and aluminum imports could potentially trigger "an escalating trade war if not an outright global recession," he warned.
Moreover, the administration's "unprecedented turnover of personnel" indicates that the White House "isn't a healthy environment," he continued.
If all the moderates leave, the only people left could be the president's own family members, or those who are really desperate for the job, Goolsbee warned. "That doesn't bode well for policy making," he said.
Administration officials told CNBC that Cohn's resignation was "a huge victory" for advocates of protectionist nationalism in the administration, particularly White House National Trade Council Director Peter Navarro.
"Peter Navarro is a bomb-thrower and not a conventional economist in the slightest way," Goolsbee warned. A well-known China hawk, Navarro "has called for dramatically more protectionism" that goes well beyond tariffs, Goolsbee added.
Conservative economist and CNBC contributor Larry Kudlow, rumored to be a potential replacement to Cohn, could offer balance to the White House, according to Goolsbee.
"Larry Kudlow is an old friend of mine and though I disagree with him on many issues, he's 100 percent right on this issue of trade, and I hope the president will call and listen to someone like Larry on that issue."