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
New orders for U.S. factory goods jumped in July on robust demand for transportation equipment, with the overall trend pointing to strengthening manufacturing activity.
The Commerce Department said on Wednesday new orders for manufactured goods increased a record 10.5 percent. June's orders were revised to show a 1.5 percent increase instead of the previously reported 1.1 percent rise.
Economists polled by Reuters had forecast new orders received by factories advancing 11.0 percent in July.
Orders excluding the volatile transportation category slipped 0.8 percent in July. But that followed a 1.4 percent increase the prior month, leaving the overall trend positive for manufacturing.
Manufacturing is accelerating, with the Institute for Supply Management reporting on Tuesday that its gauge of factory activity hit its highest level in nearly 3-1/2 years in August. In addition, a measure of new orders touched a 10-year high.
In July, orders for transportation equipment soared a record 74.1 percent, reflecting outsized civilian aircraft orders received by Boeing that was flagged in the durable goods orders report published last week.
Capital goods orders surged a record 52.5 percent. But orders for primary metals, machinery, computers and electrical equipment, appliances and components fell.
The Commerce Department also said orders for durable goods, manufactured products expected to last three years and more, increased 22.6 percent in July, as it had reported last week.
Durable goods orders excluding transportation slipped 0.7 percent instead of the previously reported 0.8 percent fall.
Orders for non-defense capital goods excluding aircraft - seen as a measure of business confidence and spending plans - declined by a slightly bigger 0.7 percent. They were previously reported to have slipped 0.5 percent.