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
"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
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
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
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread 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
U.S. manufacturing expanded far more briskly than estimated in October, fully recovering from the previous month's deceleration to return to its fastest growth rate in three-and-a-half years as new orders rebounded sharply, according to an industry report released on Monday.
The Institute for Supply Management (ISM) said its index of national factory activity rose to 59 in October from 56.6 in September. That brought the index back to the same level it recorded in August, which had been the highest since March 2011.
The reading exceeded expectations of 56.2, according to a Reuters poll of economists, topping even the most optimistic estimate of 57.3. A reading above 50 indicates expansion in the manufacturing sector.
The employment gauge recovered in October to 55.5 from 54.6 in September, also exceeding expectations, which had called for a reading of 54.8. The new orders index rose to 65.8 from 60.0.
The gauge of prices paid plunged by 6 points to 53.5 from 59.5, compared with forecasts for a reading of 56.3 in the Reuters poll. It was the largest drop in the index since a 7-point drop in March 2013 and coincided with a huge drop in oil prices.
U.S. crude oil futures fell more than 11 percent in October, the largest monthly decline in two-and-a-half years.
U.S. construction spending fell for a second straight month in September as investment in both private and public projects declined, suggesting the third-quarter growth estimate could be revised lower.
Construction spending dropped 0.4 percent to an annual rate of $950.9 billion, the Commerce Department said in a separate report. August's construction outlays were revised to show a 0.5 percent fall instead of the previously reported 0.8 percent decline.
Economists polled by Reuters had forecast construction spending rising 0.7 percent.
The government last week reported that the economy grew at a 3.5 percent annual pace. Growth in spending on both residential and nonresidential construction were reported to have slowed from April-June's brisk rates.
In September, private construction spending dipped 0.1 percent to its lowest level since October last year as an increase in residential outlays was offset by a decline in spending on nonresidential projects. It was the fourth straight month of declines in private constructions spending.
Spending on public construction projects fell 1.3 percent in September, with state and local government investment declining 1.4 percent. Spending on construction projects by the federal government slipped 0.3 percent, falling for a third consecutive month.