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
European stocks closed higher on Monday, with market participants looking ahead to a fresh round of U.S.-China trade talks this week.
The pan-European Stoxx 600 closed provisionally up 0.88 percent, with all sectors and major bourses in positive territory.
Banks sat among the best performers Monday, with Italian lenders getting a boost after reports that their capital positions were higher than the levels required by the European Central Bank. Banco BPM rose 7 percent — to the top of the Stoxx 600 — while UBI Banca climbed nearly 3 percent higher.
Looking at individual stocks, Deutsche Post rose after a report suggested Germany could grant the postal services firm with a higher-than-anticipated increase in postage for letters from the summer. Shares of the postal service advanced over 2 percent.
Meanwhile, Britain's Smith & Nephew slumped close to the bottom of the European benchmark after the Financial Times reported the London-listed company was in talks to buy NuVasive. Shares of the medical devices manufacturer fell 3 percent.
On the data front, official figures published Monday showed Britain's economy grew at its slowest pace since 2012 last year. Gross Domestic Product (GDP) growth in the final three months of 2018 slipped to a quarterly rate of 0.2 percent from 0.6 percent in the previous quarter.
The quarterly GDP figures follows a flurry of economic data in recent weeks that suggest businesses and consumers are increasingly nervous about Britain's departure from the European Union next month. Sterling was trading 0.66 percent lower at $1.2862 on the news.
On Wall Street, stocks rose at the open, but later pared gains as investors weighed the possibility of the U.S. and China striking a deal to end the ongoing tariff war.
Market focus is largely attuned to global trade developments, with a delegation of U.S. officials set to travel to China for the next round of negotiations this week.
The latest set of trade talks will take place in Beijing from Monday. It comes after discussions in Washington last week concluded without a deal.
Both sides are trying to secure a comprehensive trade agreement ahead of an early March deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent. President Donald Trump said last week that he would not meet with Chinese leader Xi Jinping before said deadline.
Escalating tensions between the world's two largest economies have cost both countries billions of dollars and roiled global financial markets.