Chinese officials will be in Washington on Wednesday 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
Top Australian wealth manager AMP said it will defend two class action lawsuits filed against it following damaging revelations from a government-ordered inquiry into the country's financial industry.
AMP confirmed that lawsuits have been filed by global law firm Quinn Emanuel Urquhart & Sullivan and Melbourne-based firm Phi Finney McDonald on behalf of some shareholders.
"AMP intends to vigorously defend the proceedings," the company said in a statement ahead of its annual general meeting later on Thursday, where angry shareholders are expected to challenge board re-appointments and executive pay.
Three directors quit AMP on Tuesday following the departure of the company's chairman, chief executive and in-house lawyer, after revelations at the inquiry that the once-venerable firm had lied to regulators, allegedly doctored an independent report, and charged customers fees for no service.
Quinn Emanuel said on Wednesday it had filed a class action on behalf of shareholders who have seen AMP's market capitalization plunge by around A$2 billion ($1.5 billion) following admissions made by AMP executives during the inquiry.
"The class action alleges that, amongst other things, AMP breached its continuous disclosure obligations and made misleading statements, causing shareholders significant loss," the firm said in a statement.
Last month, Australian litigation financier IMF Bentham had said it would fund class action proceedings against AMP that would be conducted by Phi Finney McDonald.
Shares in AMP closed at A$4.08 on Wednesday, giving the firm a market value of A$11.91 billion.