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
President Donald Trump plans to nominate Jeffrey Rosen as the next deputy U.S. attorney general, the White House said on Tuesday night, the latest shuffle in the Justice Department at a time when it faces close scrutiny over its Russia investigation.
Rosen, currently deputy secretary of the U.S. Department of Transportation, would succeed Rod Rosenstein, who appointed a special counsel to investigate possible ties between Russia and Trump's campaign.
Rosenstein is expected to step down by mid-March, a Justice Department official said on Monday.
Attorney General William Barr welcomed the choice of Rosen, saying in a statement that he had 35 years of experience at the highest levels of government and in the private sector.
"His years of outstanding legal and management experience make him an excellent choice to succeed Deputy Attorney General Rod Rosenstein, who has served the Department of Justice over many years with dedication and distinction," Barr said.
Rosen's nomination must be confirmed by the U.S. Senate.
He previously served as general counsel in the Transportation Department and the Office of Management and Budget (OMB) but does not have experience as a prosecutor or Justice Department official, which is unusual for a deputy attorney general candidate.
The Justice Department oversees the nation's law enforcement and various federal investigations, including the U.S. Special Counsel's Office probe into alleged Russian meddling in the 2016 election and possible collusion by Trump's presidential campaign.
Rosenstein gained national attention after Trump's former attorney general, Jeff Sessions, recused himself from the Russia investigation, leaving his then second-in-command to oversee U.S. Special Counsel Robert Mueller and his team.
Trump, who repeatedly criticized Sessions over the probe that he calls a "witch hunt," ousted Sessions in November.
Former acting FBI Director Andrew McCabe told CNN's "Anderson Cooper 360" on Tuesday that it was possible Trump was a Russian asset.
"I think it's possible. I think that's why we started our investigation, and I'm really anxious to see where director Mueller concludes that," he said.
Trump has repeatedly dismissed accusations hurled at him by McCabe, who told CBS' "60 Minutes" on Sunday that Rosenstein had discussed invoking the U.S. Constitution's 25th Amendment to remove Trump from office in the months after Trump took power.
Rosenstein, who stopped overseeing Mueller's probe on Nov. 7 when Trump named Matt Whittaker acting attorney general, had been expected to leave soon after Barr assumed office. The U.S. Senate confirmed Barr last week.
Rosen was nominated to be a federal judge by Republican President George W. Bush in 2008, but did not get a confirmation vote in the U.S. Senate, which was under Democratic control at the time. He was rated "well qualified" by the nonpartisan American Bar Association.
Thomas Yannucci, a partner at Kirkland & Ellis who has known Rosen since 1982, described him as an able legal administrator who will be committed to ensuring the independence of the Justice Department.
"No one's going to push Jeff around. He'll be committed to doing his job," Yannucci said.
Rosen has supported Republican candidates in past elections, although he has not donated money to Trump, federal records show.
Rosen was a key figure in efforts to rewrite fuel efficiency regulations and set drone policy. He served as the Transportation Department's general counsel from 2003 through 2006 and OMB's general counsel from 2006 to 2009.