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
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
When he hears and sees the term "tech-heavy Nasdaq Composite index," Farley said it drives him "nuts."
"This isn't even a tech index," he contended on "Squawk Box" from the Nasdaq MarketSite in New York's Times Square. "I mean, Bed Bath & Beyond? Why are they acting like this is a tech index? It was free branding for my competitor."
Farley did admit, "It felt a little weird walking into this building this morning," referring to the Nasdaq MarketSite, where the "Squawk Box" studio is located. Farley is now chairman and CEO of Far Point Acquisition, a blank-check company he helped form with Dan Loeb’s hedge fund Third Point.
Farley, who ran the NYSE from November 2013 to May 2018, characterized the rivalry between the two exchanges to that of the Hatfields and McCoys, the two mountain clans on the West Virginia–Kentucky border who waged a bitter feud in the late 1800s.
"The Hatfields and McCoys competition really, truly did benefit the listing companies," the businesses holding initial public offerings or IPOs, said Farley, who added he has "tremendous" respect for the Nasdaq and the people who run it.
However, he said, "I woke up everyday trying to kill them."
Still, the NYSE has opened up more to other exchanges. Earlier this year, The NYSE ended a decades-old restriction that prevented stocks listed on rival exchanges, including the Nasdaq, from being bought and sold on its trading floor.