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
California Attorney General Xavier Becerra on Tuesday announced a ban on state-funded travel to South Carolina, citing a measure on the books that enables faith-based foster agencies to "discriminate" against gays and others.
"The State of South Carolina recently enacted a measure that sanctions discrimination against families in the placement of children in need of homes," said Becerra, a Democrat. "The State of California strongly stands against any form of discrimination."
Becerra said the ban becomes effective April 15 and will prohibit state-funded and state-sponsored travel to South Carolina.
According to Becerra's office, the "discriminatory provision" in the South Carolina law, known as H-4950 and enacted on July 5, 2018, was "buried deep within a general budget bill." It said the provision contains wording that "enables private faith-based child-placing agencies to discriminate against those who do not conform to their religious belief or moral convictions, including members of the LGBTQ community."
Becerra's office pointed out a California law that went into effect in 2017, Assembly Bill 1887, prohibits state-funded or state-sponsored travel to states that discriminate on the basis of sexual orientation, gender identity or gender expression. Nine other states were previously subject to California's travel ban: Alabama, Kansas, Kentucky, Mississippi, North Carolina, Oklahoma, South Dakota, Tennessee and Texas.
The ban could force California public university athletes to stay across state lines for games in South Carolina, including students from the University of California and the California State University.
"South Carolina's discriminatory measure comes on the heels of other actions taken in the state prior to enactment of H-4950," Becerra's office in a release.
Specifically, it said South Carolina Gov. Henry McMaster, a Republican, requested in 2018 that the Trump administration "waive all applicable anti-discrimination regulations" for a faith-based foster care agency that was receiving public funds. As a result, the California Attorney General's office said, agencies in South Carolina were able to take information on the faith of people applying to become foster parents and then use it to reject families "solely on the basis of those beliefs."
McMaster did not immediately respond to a request for comment.
However, McMaster's spokesman, Brian Symmes, sought to make light of the news from Becerra, quipping on Twitter: "En route to EMD headquarters to figure out if the governor needs to declare a state of emergency. How will South Carolina recover?"