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
The Supreme Court ruled Thursday that a 40-foot cross commemorating fallen World War I soldiers can remain on public ground because it does not violate the Constitution's establishment clause that bars favoring one religion over others.
The case concerned a giant, early 20th century Latin cross, known as the Bladensburg Peace Cross, that stands in a Maryland intersection in the suburbs of the nation's capital. It was erected in 1925.
The cross was conceived as a memorial by mothers of men killed in World War I and is now maintained by a municipal agency that has spent just over $100,000 on the monument since the 1980s. That expenditure has raised questions about whether the cross violates the legal prohibition against excessive entanglement between religion and government, a murky area of constitutional law.
The challenge to the cross came from the American Humanist Association, an advocacy group that promotes secular governance.
The opinion of the court was authored by Justice Samuel Alito, who said the meaning of the cross was not limited to its religious context. The court's five conservatives as well as Justices Elena Kagan and Stephen Breyer agreed that the cross should remain on public land, while liberal Justices Ruth Bader Ginsburg and Sonia Sotomayor dissented.
"That the cross originated as a Christian symbol and retains that meaning in many contexts does not change the fact that the symbol took on an added secular meaning when used in World War I memorials," Alito wrote. "Not only did the Bladensburg Cross begin with this meaning, but with the passage of time, it has acquired historical importance."
And Alito cautioned against a government that "roams the land, tearing down monuments with religious symbolism."
In contrast, Ginsburg called the cross "the foremost symbol of the Christian faith."
"By maintaining the Peace Cross on a public highway, the Commission elevates Christianity over other faiths, and religion over nonreligion," Ginsburg wrote in a dissent that was joined by Sotomayor.
Though the ultimate vote was 7-2, the case produced a smattering of opinions, with five justices writing separate concurrences to explain their thinking. Breyer, in a concurring opinion joined by Kagan, wrote that the case would be different if the cross had been erected recently.
"I see no reason to order this cross torn down simply because other crosses would raise constitutional concerns," Breyer wrote.
Arguments over the case in February were contentious.