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
Give your product away for free, pay your employees modest wages and whatever you do, do NOT go public.
That's how Palantir Technologies, a semi-secret data analytics firm, became one of the hottest tech companies in Silicon Valley, according to CEO Alex Karp.
"People don't believe this until they invest, but we do not make our decisions based on near-term monetizations. Some of our biggest appointments are with people who barely can pay us," Karp said Tuesday at First Data's Cyber Security Summit in New York. "We have lots of clients where we get zero money."
Karp, an ex-philosopher, said that the company makes an effort to provide its services to organizations that are doing noble work but may not have the resources to pay for Palantir's services.
"If you can pay, you have to pay us. If you are a philanthropy stopping pedophiles, we will give you the same product you would get if you are wealthy special forces unit in a very wealthy country," Karp said.
(Read more: )
"If you're a hedge fund and you make a billion dollars and say you're not going to pay us, well, that's rapacious and we're not going to take your calls anymore."
Palantir's unorthodox business approach helps it recruit the best talent, Karp said. The best engineers want to make a real impact on the world, and Palantir, whose backers include the CIA's In-Q-Tel venture fund and Peter Thiel, gives them the opportunity to do just that, he said.
"We only do it because the mission is really cool. We've played a big role in some pretty interesting things, that we know internally, and that's super motivating," he said. "It's basically very simple. ... We tell people you can help save the world."
Another reason the company has trumped competitors is because it refuses to go public. Karp said that once companies go public they begin to lose their competitive edge and can't stay ahead of the game.
"The minute companies go public, they are less competitive. ... You need a lot of creative, wacky people that maybe Wall Street won't understand. They might say the wrong thing all the way through an interview," Karp said. "You really want your people to be focused on solving the problem not on cashing in."
While Palantir recently made headlines about how much it pays its interns, Karp said his employees' salaries are modest in comparison to other tech companies.
(Read more: and In tech industry, INTERNS make $55,000 a year)
"We have the lowest salary in the valley," he said. "We have very low cash salaries and very low equity salaries, but the minute you start to perform you get a lot of equity."
"The primary payday for the best engineers is that you get to work with the best engineers," he said. "If you don't have that, you will not get best engineers."
—By CNBC's Cadie Thompson. Follow her on Twitter @CadieThompson.