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
"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
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
President Donald Trump's newly-appointed top economic advisor Larry Kudlow believes that good economic policy includes a "sound, stable dollar."
"A great country needs a strong currency," Kudlow said on CNBC's "Closing Bell" Wednesday. "I have no reason to believe [President Trump] doesn't favor a sound and strong and steady dollar."
Kudlow, who was tapped by President Trump to chair the National Economic Council on Tuesday, has previously called for a strong dollar as well as targeted tariffs on Chinese imports. He remains a proponent of free trade more broadly.
"I'm not saying the dollar has to go up 30 percent, I'm just saying let the rest of the world know that we are going to keep the world's international reserve currency steady," Kudlow added. "That creates confidence at home."
While traditionally, administrations have publicly advocated for a strong dollar, comments made by Trump and Treasury Secretary Steven Mnuchin have raised suspicions that this administration feels differently.
Mnuchin in January said dollar weakness is "not a concern of mine" only to backtrack a day later and reiterate that a strong "long-term dollar" is in the country's best interest. Trump hinted before his inauguration that he preferred a weaker dollar.
The Dollar Index, the greenback versus a basket of currencies, is down 12 percent the last 12 months.
When asked later in the interview to elaborate on his currency comments, Kudlow said that if the dollar weakened significantly, the Federal Reserve may need to hike rates further.
"I kinda love where it is right now," said Kudlow, referring specifically to the Dollar Index at around the 90 level.