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
"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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
China has acknowledged for the first time that the United States has legitimate gripes about IP theft, forced technology transfer and cyber hacking, White House economic advisor Larry Kudlow told reporters Wednesday.
"They have for the first time acknowledged that we have a point. Several points," Kudlow told reporters at an event hosted by The Christian Science Monitor. Previously, he said, "they were in denial."
"And I think that has led to, you know, good negotiations," Kudlow added.
Kudlow said the acknowledgement came out of trade talks between China and the U.S. He said even China's leader, President Xi Jinping, has signaled a willingness to listen to the U.S.'s concerns at a dinner at the G20 summit in Argentina where he and U.S. President Donald Trump met.
"President Xi wasn't saying, 'no we didn't, no we didn't, no we didn't.' He was open to listening. And at the lower levels, we heard that. And that's great progress."
The Chinese Embassy in the U.S. did not immediately return a request for comment.
Chinese smartphone maker Huawei did not come up during the talks, according to Kudlow. Huawei is facing charges from the U.S. Department of Justice over two cases alleging the theft of trade secrets and fraud.
"The Huawei stuff has generally not come up in the trade talks," Kudlow told reporters. "We looked at it as a legal matter so far."
Huawei claimed in a lawsuit filed last month that the U.S. law banning government agencies from buying Huawei phones is unconstitutional. U.S. security experts fear the Chinese government could use Huawei's devices to spy on U.S. government agents. Huawei has previously denied it would hand its data over to the Chinese government.
News of China's acknowledgement comes one day after court documents revealed that a Chinese national was charged with making false statements to the U.S. Secret Service. The woman allegedly entered Trump's Mar-a-Lago resort in Florida under false pretenses, bringing along a thumb drive with "malicious software," according to court documents.