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
Wells Fargo the biggest U.S. mortgage lender, reported a 13 percent rise in third-quarter profit, but its mortgage banking income fell sharply as the refinancing boom began to fade.
Net income applicable to common shareholders rose to $5.32 billion, or 99 cents per share, from $4.72 billion, or 88 cents per share, a year earlier.
Analysts on average had estimated that Wells Fargo would earn 97 cents per share, according to Thomson Reuters I/B/E/S.
Wells Fargo made $80 billion in home loans, down from $139 billion a year earlier.
Mortgage banking income fell 43 percent to $1.61 billion due to fewer loans as well as diminished gains on selling mortgages to investors.
After the earnings announcement, the company's shares initially rose by about a percent in pre-market trading, but then retreated. (Click here to track the company's shares following the report.)
Higher revenues from some of Wells Fargo's other businesses were able to offset some of the decline in mortgage banking. Trust and investment fees rose to $3.28 billion from $2.95 billion a year earlier.
The bank released $900 million from its loan loss reserves, the largest release since the second quarter of 2011.
Earlier on Friday, JPMorgan Chase, the biggest U.S. bank by assets, reported a rare quarterly loss after incurring $9.2 billion in legal expenses.
Wells Fargo shares were down 1.5 percent at $40.81 in trading before the bell on Friday. They closed at $41.11 on Thursday on the New York Stock Exchange.