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
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread 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
Stocks in Europe saw little change on Friday, as investors tried to navigate through political uncertainty across the globe.
The pan-European Stoxx 600 was basically flat at the end of the session, with sectors and bourses pointing in different directions.
Autos were the worst performing sector, as former Nissan Motor Chairman Carlos Ghosn was indicted on two new charges of financial misconduct. Shares of Renault, which Ghosn still heads, fell 2.2 percent as Reuters reported that Nissan was expanding its probe to include dealings that took place in the U.S., India, and Latin America.
Elsewhere in the sector, Volkswagen said on Friday that its deliveries rose 0.9 percent to a record 10.83 million last year, putting it neck-and-neck with Renault-Nissan-Mitsubishi in the race to be the world's biggest vehicle manufacturer.
Looking at individual stocks, U.K. housebuilder Taylor Wimpey was among the highest gainers, rising by 4.8 percent after a broker upgrade. The Swiss company Straumann was also among the top performers, gaining 3.2 percent after Reuters reported that its CEO wants to increase sales five-fold within a decade.
Stocks in the U.S. were trading lower on Friday as concerns grow over the partial government shutdown, which is now in its 21st day. The Dow Jones Industrial Average, S&P 500, and the Nasdaq all saw slight losses during the trading session.
Meanwhile, the dollar softened on Friday following dovish remarks from the U.S. Federal Reserve. The Fed's Chairman Jerome Powell said on Thursday that he is "very worried" about the ballooning U.S. debt. "It's a long-run issue that we definitely need to face, and ultimately, will have no choice but to face," he said.
Back in Europe, there is also a strong focus on politics as the U.K.'s departure from the European Union approaches. Japanese Prime Minister Shinzo Abe said Thursday in London that he hopes both sides will avoid a no-deal. U.K. Foreign Secretary Jeremy Hunt said Friday morning that there could be Brexit paralysis if lawmakers do not approve departure plans next week.
In terms of data, GDP figures showed the U.K. economy slowed down in the three months to November — hitting its weakest pace in six months.