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
The market is show signs of fear over rising inflation and slowing economic momentum, closely followed strategist Jim Paulsen told CNBC on Wednesday.
"This idea of facing higher rates and higher inflation with decelerating economic momentum — that's stagflation and that's very frightening for both stock and bond investors," the chief investment strategist at The Leuthold Group said on "Power Lunch."
Stagflation, prevalent in the late 1970s and early 1980s, is a condition of high inflation but low wage growth and elevated unemployment.
And if corporate executives are saying during earnings conference calls that "momentum is peaking out, that adds to that fear," Paulsen noted.
Caterpillar was among those that addressed the issue. The company reported earnings and revenue that beat expectations on Tuesday, but its chief financial officer said the first-quarter results may be the "the high-water mark for the year."
The benchmark 10-year Treasury yield traded at 3.03 percent after breaking above 3 percent for the first time since 2014 on Tuesday.
Paulsen believes there are going to be "really good earnings" but said it isn't enough right now to significantly push the market higher.
"Until we get to lower valuations and probably higher yields than we are today I'm not sure that the stock market is going to respond real well to them," he said.
Because of the tug of war between earnings and interest rates, Russell Investments strategist Mark Eibel is finding opportunity elsewhere.
"We're pushing a rock uphill. It's getting harder in the U.S. Go outside the U.S. where you've still got more upside to cheaper prices," Eibel, director of client investment strategies at Russell Investments, said on "Power Lunch."
He likes Europe and emerging markets. In the U.S. he likes financials as well as value sectors like energy.
— CNBC's Jeff Cox and Fred Imbert contributed to this report.