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
U.S. government debt yields held steady on Monday as investors prepared for the Federal Reserve's monetary policy decision later in the week.
Market focus began the week centered on the Fed's upcoming policy decision and public comments, with many expecting the U.S. central bank to hold its overnight lending rate steady ahead of a cut in July. Lackluster inflation, modest economic growth expectations and a partial inversion of the yield curve are expected to pressure Chair Jerome Powell and his colleagues toward reducing borrowing costs.
But the timing of any Fed rate cut, the first in more than a decade, remains a matter of debate. While some suspect the Fed to reduce interest rates in June or July after May's weak jobs data and softer consumer price index print, others are betting it waits until September to consider more data first.
Still, economists believe the Fed to hint at any future plans to reduce rates through the so-called "dot plot," a chart that anonymously reflect each official's rate forecast.
Expectations for an upcoming rate cut have kept pressure on yields, with the 2-year Treasury note rate down nearly 40 basis points over the last month to 1.87% from 2.23%. Long-term rates like that of the 10-year Treasury note have touched multiyear lows in recent weeks amid equity volatility and demand for fixed-income assets.