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
Check out the companies making headlines midday Wednesday:
Signet Jewelers — Shares of Signet Jewelers rose 0.5 percent after the diamond retailer reported better-than-expected quarterly results. Signet reported earnings of $3.96 per share, 14 cents higher than expected, and revenues of $2.155 billion, $11 million higher than expected.
Verizon — Shares of Verizon Communications rose 0.6 percent — erasing earlier losses — after the telecommunications company announced it will be activating its 5G mobile network in Chicago and Minneapolis. Verizon also said add the service to 30 additional markets this year. The 5G network would give users speeds of roughly 10 times faster than current LTE network speeds.
Caterpillar — Caterpillar shares fell as much as 1.3 percent after an analyst at Deutsche Bank downgraded the stock to hold from buy. The analyst cited collapsing "synchronized global growth," noting: "China Land Cycle is rolling over, ... Europe is slowing more than expected and the US is oversaturated with construction equipment."
Advanced Micro Devices — Shares of Advanced Micro Devices shot up 8.5 percent after Nomura Instinet initiated coverage with a buy rating and a $33 per share price target. Nomura cited AMD's high revenue growth and rapid improving profitability.
GameStop —The video game and electronics retailer fell over 4 percent after the company's fiscal fourth-quarter revenue missed expectations. GameStop reported $3.06 billion in revenue versus a Refinitiv estimate of $3.28 billion. The company also warned of a potential upcoming loss in the fiscal first quarter of 2019.
Usana Health Sciences —Usana Health Sciences dropped about 3.5 percent after the company announced preliminary first quarter results that missed expectations. A lack of promotional activity and the impact of China's review of direct sellers is to blame, the company said in a release.
StoneCo — Shares of the Brazilian payments software company fell more than 8 percent after pricing its secondary stock offering at $40.50 per share. The company is selling 19.5 million shares in the offering, more than the 17.9 million indicated in a prospectus.
Urban Outfitters — The retailer's stock rose more than 3 percent after DA Davidson upgraded it to buy from neutral. The firm cited improving fundamentals for Urban Outfitters, noting: "Management has been methodically laying the foundation for a best-in class brand apparel company that could thrive under the shifting retail paradigm."
GrubHub — Shares of GrubHub rose 0.4 percent after BTIG initiated the food delivery company as buy with a price target of $95 per share. The firm cited optimism about GrubHub's growth in restaurant partnerships.