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
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread 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
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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
Bitcoin dropped more than 6 percent over two hours Monday, below $7,000 as the April tax-filing deadline approaches.
The cryptocurrency hit a low of $6,646.07 as of 3:49 p.m. ET Monday, according to data from CoinDesk. Bitcoin prices have fallen more than 27 percent over the past month.
Tax-related selling has been a key driver of this month's sell-off, according to some analysts.
Thomas Lee, head of research at Fundstrat Global Advisors, said in a report last week that U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings. To meet tax liabilities, investors are selling bitcoin, which could mean "massive" selling into U.S. dollars ahead of the April 17 tax filing deadline, Lee said.
Bitcoin prices Monday
Bitcoin prices are down more than 52 percent this year, after kicking off 2018 above $14,000, according to CoinDesk. The entire cryptocurrency market has lost more than half its market capitalization since the beginning of this year, according to data from Coinmarketcap.
Regulatory uncertainty has been another factor in the pricing pressure.
Bitcoin began falling below $10,000 in March after the SEC announced that online platforms trading digital assets that are considered securities need to register with the agency.
The SEC has also cracked down on a fundraising technique known as initial coin offerings. Last week, the SEC charged two founders of a cryptocurrency firm endorsed by boxer Floyd Mayweather with carrying out a fraudulent ICO.
Global regulators are split on how to police the cryptocurrency, which is not backed by a central bank.
The Reserve Bank of India announced last week that regulated financial institutions in India can no longer legally deal with cryptocurrencies.
Ari Paul, CIO and managing partner of cryptocurrency investment firm BlockTower Capital, said the market is in price-discovery mode until investors get more clarity on regulation.
"We're in a bear market until new buyers are enticed," Paul said, adding that institutions are delaying putting money into the market until investment vehicles like ETFs get approved.