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
"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
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
The stock market will rally up to 10 percent in the next 30 days, according to David Bianco, chief investment strategist at Deutsche Asset Management.
Standing by his 2,850 year-end price target, Bianco told CNBC Wednesday, "A lot can happen in a month."
As an example, he cited the huge market swings seen back in January, when stocks were reaching all-time highs before plummeting into early February on rising interest rate fears.
Bianco's prediction stands in contrast to other Wall Street strategists, including Morgan Stanley's Michael Wilson who sees a stagnant performance from stocks and forecasts the S&P 500 to finish next year modestly higher.
Stock were trading sharply higher Wednesday on renewed optimism about U.S.-China trade after a Wall Street Journal report said Beijing is working to increase access for foreign companies. On Tuesday, the major indexes swung between gains and losses throughout the session, with the Dow Jones Industrial Average eventually finishing lower.
Bianco did acknowledge the recent market volatility on China trade headlines has been "concerning." However, he added the markets "have spoken" and Wall Street is setting itself up for a solid 2019.
"There's a recession nowhere in site," he added, estimating the S&P 500 at 3,000 by the end of next year.