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
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
Chinese authorities have filed a case to investigate U.S. parcel delivery service FedEx for allegedly undermining the rights of Chinese clients, state-run Xinhua news agency reported on Saturday.
According to Xinhua, FedEx failed to deliver express packages to designated addresses in China, "seriously damaging the lawful rights and interests of its clients and violating laws and regulations governing the express industry in China."
The Chinese government's move against FedEx comes after Chinese tech company Huawei said it was re-assessing its relationship with the U.S. parcel delivery service after several packages were diverted.
Huawei accused FedEx of diverting two packages postmarked from Japan and destined for company addresses in China to the United States without providing detailed explanation, according to Reuters news agency. FedEx also allegedly attempted to re-route two other packages sent from Vietnam to Huawei addresses elsewhere in Asia without authorization.
Huawei said all four packages contained documents and no technology. FedEx said it would cooperate fully with any regulatory investigation.
"FedEx values our business in China. Our relationship with Huawei Technologies Co. Ltd. and our relationships with all of our customers in China are important to us," the company said in a release. "FedEx holds itself to a very high standard of service. FedEx will fully cooperate with any regulatory investigation into how we serve our customers."
The Trump administration blacklisted Huawei from purchasing U.S. components after declaring a national emergency over threats to U.S. technology last month. The administration has subsequently eased those restrictions, allowing Huawei to buy U.S. components for 90 days to maintain existing networks.
Washington and Beijing are locked in escalating trade war after the collapse of trade negotiations. The U.S. has more than doubled tariffs on $200 billion of Chinese goods and has threatened to tax all Chinese imports. China has increased tariffs on $60 billion of U.S. goods.