Chinese officials will be in Washington on Wednesday 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
UBS lowered its rating of Charles Schwab stock to sell from neutral on Wednesday, saying the financial services company is facing barriers to growth and revenue that put the bull case for the stock "on shaky ground."
"The company has a strong customer franchise, but is facing headwinds to [balance sheet] growth from yield sensitive customers, an increasing regulatory burden, and limited rate upside," UBS analyst Brennan Hawken wrote in a note to investors. "We see revenue headwinds at the same time as risk to upward pressure on expenses."
UBS lowered its estimates for Charles Schwab's full year 2019 earnings to $2.65 a share.
"As a result, we think expectations may be too high and could put the stock at risk, particularly given we do not see buybacks as enough to cushion the blow to the growth story," Hawken added.
Charles Schwab shares closed down 1.3 percent in at $46.45 a share.
UBS also lowered its price target on Charles Schwab to $42 a share from $48.