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
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
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
Inflation has persistently surprised policymakers on the low end, Federal Reserve Chairman Jerome Powell acknowledged on Wednesday, but not enough to stop the central bank's efforts to move interest rates back to more normal territory.
"Inflation has continued to surprise to the downside, not by a lot, though," Powell said at a press conference Wednesday after the Fed raised short-term rates another one-quarter percent.
"2018 has been the strongest year since the financial crisis," Powell said, with growth well above trend. The Federal Open Market Committee, which sets policy, still has a positive forecast for the economy, with growth seen strong enough that unemployment could drop still further.
Powell repeated that the Fed's goal is inflation running at or around 2 percent, meaning a range would be slightly below to slightly above, what he calls "symmetrical."
"We're very close to 2 percent, and we do believe it is a symmetric goal. That's how we're going to look at it," Powell said. "We haven't declared victory yet."