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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
The ECB has been forced to backtrack on its plans to tighten monetary policy, amid an intensifying climate of economic gloom.
Speaking at a press conference in Frankfurt, Germany on Wednesday, ECB President Mario Draghi warned that data gathered by policymakers in recent weeks had confirmed "slower growth momentum" in the euro zone.
Economic uncertainty relating to geopolitics, protectionism and emerging markets had negatively impacted investor sentiment in the bloc, he added, with risks "tilted toward the downside" over the coming months.
The German 10-year government bond yield, an important benchmark for European fixed-income assets and one that is viewed as a safe haven for investors, dipped into negative territory on the back of Draghi's comments. The euro also hit session lows against the dollar, down 0.3%, to trade at $1.1232.
Interest rates on its marginal lending facility and deposit facility will remain unchanged at 0%, 0.25% and -0.40%, respectively. These have been at record lows following the euro sovereign debt crisis of 2011 in an effort to boost inflation and stimulate growth.
The euro zone's central bank, for those nations that share the single currency, ended its massive bond-buying program back in December. But, a rapid decline in sentiment and weak demand from abroad has ratcheted up the pressure for policymakers to unveil even more stimulus.
Draghi cautiously addressed market speculation about further delays to the central bank's first post-crisis rate hike and the side effects of years of negative rates on Wednesday.
Meeting earlier than usual so top policymakers can attend the IMF's Spring Meeting in Washington, D.C., this week, investors were anxious to understand more about the so-called two-tiered system for bank reserves.
Draghi had previously said the ECB must decide whether it needs to mitigate the side-effects of negative rates but insisted on Wednesday that it was too early to decide on a two-tiered system.
This measure aims to protect banks from part of the cost incurred by negative rates — akin to moves taken by central banks in Switzerland and Japan.
The approach would mean that banks are exempted in part from paying the ECB's -0.40% annual charge on their excess reserves. That would boost the banks' profits at a time when many lenders struggle with low profitability.
Some members of the ECB's Governing Council are said to be in favor of such a move.
However, forthcoming personnel changes at the ECB could risk delaying a discussion about a two-tiered system and the likelihood of an interest rate hike over the coming months.
Alongside ECB Chief Economist Peter Praet, Draghi is scheduled to step down in October and policymakers are thought to be reluctant to negotiate a fundamental revamp of monetary policy before new leaders take charge.
Alexis Gray, senior economist at Vanguard Asset Services, told CNBC Wednesday that the ECB was probably "somewhat hamstrung" when it comes to ramping up stimulus measures over the coming months.
On Tuesday, the IMF slashed its forecast for global economic growth this year, saying a slowdown could force world leaders to coordinate stimulus measures.
The IMF also sharply downgraded growth in the euro zone. It now expects the bloc to grow at 1.3% in 2019 — lower than its forecast had been six months ago.
One example of stimulus introduced by the central bank last month was a series of quarterly targeted longer-term refinancing operations (TLTRO-III). The program, which is designed to stimulate bank lending in the euro zone, is set to start in September 2019 and end in March 2021.
However, Draghi warned that the pricing of TLTRO will take into account a "thorough assessment of the bank-based transmission channel of monetary policy as well as further developments in the economic outlook." He also added that any information on TLTROs will be communicated at forthcoming meetings.
The TLTROs are loans that the ECB provides at cheap rates to banks in the euro area. As a result, lenders are able to provide better credit conditions to customers, which in turn stimulates the real economy.
This mechanism was first introduced in 2014, before being brought in for a second time in March 2016.
— CNBC's Silvia Amaro contributed to this report.