An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.Marketsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.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
A new research study by the Digital Citizens Alliance shows how easy it is to buy illegal steroids or appearance and performance enhancing drugs (APEDs)Cybersecurityread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
U.S. Secretary of Energy Rick Perry spoke to CNBC's "Squawk on the Street" on Monday following a series of drone attacks on Saudi Arabia's oil facilities caused the largest...Oilread more
Perry says it's too soon to say whether the U.S. will need to use its emergency crude reserves to offset the surge in oil prices.Oilread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to analyst Ming-Chi Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Supreme Court Justice Kavanaugh from when he was a Yale University student, noting that "the...Politicsread more
U.S. stock index futures ticked higher Friday, with major averages looking to stabilize following a few days of sharp losses, but the ongoing government shutdown—now in its fourth day—kept investors on edge.
"This is similar to previous U.S. government shutdowns, which were not particularly negative for broader risk appetite… In foreign exchange, the U.S. dollar is generally weaker, inconsistent with a typical risk-off environment," wrote Barclays' Hamish Pepper and Barry Knapp in a research note.
President Barack Obama canceled a trip to Indonesia to attend the APEC (Asia-Pacific Economic Cooperation) conference, to focus on budget negotiations back at home.
"U.S. politics will inevitably dominate again today. And there still looks to be no near-term end in sight for the fiscal farce, with Republican House Speaker Boehner up against it, as he will have another go today at forging a more pragmatic position within his party," wrote Chris Scicluna, an economist at Daiwa Capital.
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"But the Republican headbangers hardly look like budging. And in the meantime, the economic disruptions caused by the shutdown both in the U.S. and beyond, and arguably more significantly, the uncertainty and hit to confidence from fears over the debt ceiling not being lifted, will intensify," Scicluna added.
The monthly government jobs report has been delayed due to the shutdown. About 180,000 jobs were expected to have been added in September, up from 169,000 added in August.
Facebook rose after the social-networking giant's Instagram announced plans to start using ads in their feed in the next couple of months. Facebook acquired the photo-sharing company last April for $1 billion.
Several Fed officials are scheduled to speak Friday. These include talks by two voting members of the FOMC (Federal Open Market Committee), William Dudley and Jeremey Stein, plus Richard Fisher and Narayana Kocherlakota.
Speaking in Washington on Thursday, Christine Lagarde, managing director of the International Monetary Fund, said that a failure to raise the debt ceiling before October 17 could hurt the global economy, and warned that U.S. economic growth could drop below 2 percent this year.
Similarly, Bank of Japan Governor Haruhiko Kuroda warned on Friday that the fiscal standoff could destabilize global financial markets if it dragged on. The Japanese central bank opted to maintain its massive stimulus program.
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In Europe, investor attention remained on Italy. Former Prime Minister Silvio Berlusconi faces another political test on Friday as the Italian Senate votes on whether to expel him from politics for a tax fraud conviction he received in August.
If the vote goes against Berlusconi it will pass to the Upper House in two weeks' time. The Senate vote comes after a turbulent week in which Berlusconi bowed to pressure from his own party to support Prime Minister Enrico Letta in a vote of confidence on Wednesday.
The Italian FTSE MIB Index was the standout gainer among European indexes, posting moderate gains.
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