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
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Japan's industrial output rose 1.5 percent in September from the previous month, official data on Wednesday showed.
The figure was lower than a Reuters forecast for a 1.8 percent increase, but was still a bounce from the 0.9 percent decline in August.
The government also raised its assessment of output for the first time in six months.
(Read more: Is Japan finallydefeating its deflation demons?)
Manufacturers remained cautiously optimistic going forward, expecting output to rise 4.7 percent in October but decline 1.2 percent in November, according to a survey by the government.
The yen was little changed after the data; dollar-yen traded at around 98.19 mid-morning in Tokyo.
The figures come on back of much better-than-expected retail sales and household spending data on Tuesday, which analysts attribute to the aggressive economic policies by Prime Minister Shinzo Abe, widely known as 'Abenomics,' rolled out earlier this year to revive the economy.
(Read more: Japan retailsales, household spending beat forecasts)
But Paul Gambles, managing partner of MBMG International, said the policies, much like the quantitative easing (QE) undertaken by the Federal Reserve in the U.S., will do more harm than good to Japan's economy in the long run .
"What it will do is put too much money trapped in corporate balance sheets," Gambles told CNBC on Wednesday.
"If any of the [Fed] QEs worked well, it was QE 1 for a short period of time. Since then, the QEs have clearly had a very negative effect on the economy, and I think we are going to be in the same boat with 'Abenomics' – everybody will be cheer-leading it for a few more months and maybe into next year, but at some point it will become more of a drag than a stimulus," he added.
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