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 sector this year, spiked on 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
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 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
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
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
An intensifying trade war between the U.S. and China is negatively impacting every country in the world, according to the director-general of the World Trade Organization (WTO), with workers earning lower salaries most likely to be hit the hardest.
The world's two largest economies have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
Earlier this month, tensions between Washington and Beijing ratcheted up even further when both sides hiked charges on their goods once again. The U.S. also added Chinese telecom giant Huawei to it's so-called "Entity List" — effectively banning the company from acquiring technology from U.S. firms without government approval.
This trade war is "holding back" investors and consumers and that's hurting the expansion of the global economy, Roberto Azevedo, the director-general of the WTO, told CNBC's "Street Signs" on Thursday.
"We cannot close our eyes to that… Every single country will lose unless we find a solution for this."
"The regular citizen is not immune to this, in fact, the lower the bracket of income of the citizen, the more he will be affected," Azevedo said.
U.S. Trade Representative Robert Lighthizer is poised to meet with officials from the European Union and Japan in France on Thursday. The meeting is set to address the non-market orientated policies and practices of other countries, with China widely expected to feature prominently in the discussions.
China and the U.S. have been locked in a protracted trade dispute since the early days of Trump's presidency.
The U.S. president has previously claimed that China's entry into the WTO had paved the way for the "greatest jobs theft in history."
He also wants to cut America's trade deficit with China, claiming it is hurting U.S. manufacturing.
But, despite several rounds of trade talks in recent months, Washington and Beijing have failed to reach a comprehensive agreement to end the dispute.
Willem Buiter, special economic adviser at Citi, told CNBC's "Squawk Box Europe" on Thursday that he was pessimistic about the chances of a trade resolution over the coming months.
"This trade conflict is part of a much wider economic conflict… and that wider economic conflict is in turn embedded in a geopolitical conflict," Buiter said.
"This conflict, even if this particular trade issue is settled, will come to revisit us because this is the new cold war," he added.