An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
Here's what the President Obama said in an interview today with Buzzfeed:
"It's one thing when you've got a mom-and-pop store who can't afford to provide paid sick leave or health insurance or minimum wage to workers … but when I hear large corporations that make billions of dollars in profits trying to blame our interest in providing health insurance as an excuse for cutting back workers' wages, shame on them."
You may agree or disagree with Mr. Obama's sentiments, but here's the problem: none of this should be a surprise.
Health insurance experts, economists and political strategists on both sides of the ideological aisle have been warning this administration and the general public for more than five years that job and work hours cuts are EXACTLY what would result from passing the Affordable Care Act.
So the real question now is this: Does President Obama believe that "shame on you" is a real policy? Is this all the administration had up its sleeve to counteract the cuts despite years of friendly and not-so-friendly warnings?
And one more consideration: none of this is illegal. So is it right for a sitting President of the United States to single out a company that's not committing a crime or even breaking a workplace regulation?
Oh, and the President should also take note that Staples is not exactly so many "billions of dollars in profits." Staple is, in fact, a struggling corporation trying everything from consolidation to labor cost cutting to stay alive.
What do you think?
Share your thoughts on the comment section below.