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
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
Watching the 2008 financial crisis unfold has made younger generations more mindful of their money, PayPal CEO Dan Schulman told CNBC on Wednesday.
"They grew up in a generation where there was a recession, ... and so they want to really take care of their money. They don't want to go into debt," Schulman told "Mad Money" host Jim Cramer. "They think a lot about their financial health, a lot about savings."
Schulman, whose financial technology company owns the popular peer-to-peer payment service Venmo, said that young consumers have embraced the app as a way to split purchases and keep a close eye on their finances.
"It's very important to them if they have their own independence, and these apps like Venmo are incredible powerful in helping and empowering them to take care of their financial health," the CEO said, speaking from CNBC's 1Market in San Francisco.
Schulman cast Venmo as a part of the larger "sharing economy," which has given rise to ride-sharing and home-sharing services like Uber and Airbnb.
The eco-friendly, millennial-driven shift to sharing is emblematic of how younger generations view the world they live in, Schulman said.
"I think there are a couple of things that are really interesting about the millennial generation," Schulman told Cramer. "First of all, they think about equality in different ways. Everyone is the same, everyone is equal, so that sharing happens. They're a part of social networks right now, so their friends are much more important. Experiences are much more important. And the way that they think about technology is very different. So they split everything naturally through their mobile phone."
In December, PayPal announced that it would roll out "Pay With Venmo," a service that allows users to pay with the app at over two million of PayPal's retail partners. The move is part of PayPal's longer term strategy to monetize Venmo.
In the fourth quarter of 2017, Venmo processed $10.4 billion worth of payments, up 86 percent from the fourth quarter of 2016.