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
In an interview with the BBC, Branson said a hard Brexit would be "devastating for many Virgin companies," and would force the group to move investment away from the U.K.
A hard Brexit is one in which along with leaving the European Union, the U.K. also leaves both the European single market and the customs union, eradicating existing free trade agreements with the bloc.
Branson identified Virgin Atlantic as being particularly susceptible to the plummeting pound.
"The pound will collapse to parity with the dollar if there is a hard Brexit," he said, explaining that all of Virgin Atlantic's costs are in dollars and projecting a "bottom line hit" of around $100 million.
"A hard Brexit will result in the freight that we get from Europe, that we put on Virgin Atlantic going to America, just disappearing - we won't get any of that freight, so that would be another $100 million just down the drain, and I could carry on," he told the BBC.
"It obviously is going to result in us spending a lot less money in Britain and just putting all our energies into other countries," Branson added.
Boris Johnson, the most likely candidate to replace British Prime Minister Theresa May, has vowed to take the U.K. out of the EU with or without a deal in place, and has refused to rule out suspending parliament in order to push the departure through.
The pound was trading just above the significant $1.25 marker on Thursday, having broken below it earlier in the week.