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
President Donald Trump on Monday tore into General Motors for its newly announced plan to halt production at multiple plants in the U.S. and Canada, telling reporters that he warned GM CEO Mary Barra that her company was "playing around with the wrong person."
GM's plan to cease operations at plants in Ohio, Michigan, Maryland and Ontario by next year — and to cut back production at two other plants, as well — will cost up to $3.8 billion and shrink the Detroit-based carmaker by more than 14,000 jobs, or about 15 percent of its salaried staff.
Trump told The Wall Street Journal in an interview Monday that he spoke with Barra on Sunday night to discuss the downsizing plan. He told her that GM should stop making cars in China and open a new plant in Ohio to replace the ones being closed.
"They better damn well open a new plant there very quickly," Trump told the Journal. "I love Ohio," Trump said. "I told them, 'you're playing around with the wrong person,'" he added, according to the newspaper.
Trump continued: "I said, 'I heard you're closing your plant,'" he recalled from his conversation with Barra. "'It's not going to be closed for long, I hope, Mary, because if it is you have a problem.'"
The president, who had lamented the empty factories and depressed rural towns when he visited the state in July 2017, had promised the state's residents that their jobs are "all coming back." He won the state in 2016 by more than 8 percentage points.
Trump joined Ohio leaders, including several Democrats, in blasting the move. Sen. Sherrod Brown, a potential 2020 rival for Trump, called the decision "corporate greed at its worst."
Barra insisted that GM's restructuring was a pre-emptive step to take during strong economic times to protect her company through a future economic slowdown while continuing to invest in new technologies, the Journal reported.
The Journal's interview was published shortly after Trump told journalists outside the White House that he wasn't happy with GM's plan. He also noted that the Chevrolet Cruze was not selling well and urged the company to put something else in its place. GM killed the Cruze and several other passenger cars as part of its cost-cutting plan, USA Today reported Monday.
"I said, 'then put a car in here that is selling well, but get it opened fast,'" the president said in the Journal interview.
Meanwhile, Barra met with Trump's top economic advisor, Larry Kudlow, on Monday at the White House.
The president's remarks came as he was headed to Mississippi, where he plans to host two rallies in support of GOP Sen. Cindy Hyde-Smith, who has come under fire — including from former corporate donors — for remarks viewed as racially insensitive.