Chinese officials will be in Washington this week 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
The "Dogs of the Dow" beat the market in 2018. Now meet the new dogs.
One of Wall Street's classic investing strategies, perhaps the most hands-off one, kept investors relatively safe last year — if one had bought the 10 highest-yielding stocks in the Dow Jones Industrial Average at the beginning of 2018 and held them all year long, it would have only lost 1.5 percent, versus the Dow's nearly 6 percent annual loss and the 's 6.2 percent.
It's a classic value investing strategy that could be primed to work even better this year if the market remains shaky in the face of a slowing global economy and trade battles. Investors may look to names like these for more steady dividend income. International Business Machines, Exxon Mobil and Verizon Communications are among the new dogs for 2019.
While beating the market in 2018, the dogs would have done much better in 2018 without General Electric's 57 percent decline, according to Bespoke Investment Group. The conglomerate is the only stock that got replaced in the new year because the company cut its dividend to 0.55 percent from 2.75 percent. J.P. Morgan Chase has made the list of new dogs. GE is also no longer in the Dow.
Source: Bespoke Investment Group
"The 20 non-Dogs are down 5 percent, so the Dogs are winning handily at this point in what has been a down year," said a team of analysts at Bespoke in a note Monday.
Merck was the best performer among 2018's dogs, posting a whopping 35 percent return. A key driver for Merck's outperformance was the strong ramp-up in sales of Keytruda, a drug used to treat various forms of cancer. Merck sports a dividend yield of 2.9 percent.