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
The deal by Royal Caribbean Cruises to take a majority stake in Silversea Cruises allows the company to enter the luxury and expedition space, Royal Caribbean's chairman and CEO, Richard Fain, told CNBC.
"It's really a growth opportunity. It's a part of the market that we haven't really been addressing," Fain said Thursday on "Power Lunch."
"We had this one gap in the ultra-luxury and expedition area," he said. "We really needed to fill in that space."
On Thursday, Royal Caribbean announced it was purchasing a controlling stake — nearly 67 percent — in Silversea Cruises, a private company, for $1 billion. Silversea sails to all seven continents, including locales such as the Galapagos Islands, Antarctica and Russia's Far East. The cost of a cruise on Silversea can be well over $10,000.
The deal helps heighten the more affordable Royal Caribbean's presence in the ultra-luxury space and makes it easier for it to compete with rivals like Carnival Cruise Lines and Norwegian Cruise Line.
Fain said short term the acquisition won't have a big impact on business.
"But longer term — and we're a long-term business — this is where we ought to be," he said.
Royal Caribbean's stock was up more than 5 percent late afternoon Thursday.
The deal is expected to close later this year.