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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Ross also said it's too early to tell whether the United States will withdrawal from the World Trade Organization.
"We've made no secret of our view that there are some reforms needed at the WTO," Ross said in a "" interview.
He continued: "There really is a need to update [or] synchronize its activities, and we'll see where that leads. But I think it's a little premature to talk about simply withdrawing from it."
Axios reported the Trump administration has drafted a bill that allows the White House to unilaterally raise tariffs without congressional consent. That means the world's largest economy would be acting outside WTO rules.
Ross has repeatedly defended the administration's aggressive approach on tariffs, saying it will deter allegedly unfair trade practices that Trump pledged to end.
Ross late last month by Senate Republicans and Democrats over what they called a confusing and damaging Trump administration process of imposing tariffs.
The Commerce Department under Ross first imposing heavy tariffs or quotas on foreign producers of steel and aluminum in February in the interest of national security.
Since then, those steel and aluminum tariffs have been enacted on numerous nations, including allies Canada, Mexico and the European Union, which have launched retaliatory measures.
New tariffs from Canada were imposed over the weekend on about $12.5 billion worth of U.S. products.
Meanwhile, the president is threatening tariffs on European auto imports.
The U.S. could get a new round of retaliatory tariffs worth as much as $300 billion, if it moves ahead with new duties on European cars, according to The Financial Times.
The Trump administration is also putting pressure on China on the trade front, by threatening tariffs set to go into effect on Friday. If that happens, China has promised tariffs on the U.S.