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
The Chinese economy is "pretty stable" currently — and that means Beijing is not in a hurry to make "monster compromises" to Washington in the trade war, said an expert from Center for Strategic and International Studies think tank.
Several analysts have predicted that China's economy — instead of America's — will experience a bigger hit from elevated tariffs. That's partly because the U.S. economy is on better footing and, over the longer term, China may have more to lose because of its greater reliance on exports.
But China has so far shown that it can withstand challenges posed by the trade war, said Scott Kennedy, senior advisor of the Freeman Chair in China Studies and director of the Project on Chinese Business and Political Economy at CSIS.
"China's economy is still pretty stable. They've got other trading partners, they've got domestic stimulus that they can use. So, they're able to weather the storm," Kennedy told CNBC's "Capital Connection" on Friday from the China Development Forum in Beijing.
He added that some of the problems in the Chinese economy, such as increasing levels of debt, were addressed before the trade war broke out last year — which contributed to the current stability in China.
"So, that economic situation that China's in right now is relatively good. It means they're in no hurry to make monster compromises to address American needs," he said. "Of course, looking at the U.S. economy, it's in a parallel type situation, which leaves both sides to hunker down."
Kennedy's comments came as an increasing number of analysts lower their expectations for a trade deal between the U.S. and China in the coming months.
The world's two largest economies have agreed to meet in Washington in early October for the next round of negotiations. Former U.S. Commerce Secretary Carlos Gutierrez said it's "a bit optimistic" to expect any breakthrough in those talks.