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
The debt problems in Greece have been postponed, not solved, with Friday's deal to extend by four months rescue loans to Athens in exchange for fiscal reforms there, closely followed contrarian Marc Faber told CNBC on Monday.
"The [Greek] economy is not strong enough to support" the debt load, Faber said in a CNBC "Squawk Box" interview.
The publisher of the Gloom, Boom & Doom Report said the real concern of a possible Greek exit from the euro single currency could be "a closer relationship with between Greece and Russia, or Greece and China."
"That's [what] Western allies want to prevent at all costs," he added.
Greece plans to present its reform plans Monday to seal its euro zone financial lifeline, but the government drew criticism from a veteran leftist and ruling party member who said the deal let voters down.
As for the U.S. stock market, Faber said valuations are high. "But it doesn't mean the market will collapse right away. But it's not particularly good value compared to say emerging economies."
For years, Faber has been predicting for the collapse of U.S. stocks, which keep powering to new highs.
The Dow Jones Industrial Average on Friday joined the in record territory. The Nasdaq Composite stood at 15-year highs, with the 5,000 level in its sight for the first time since March 2000, when it peaked at 5,135.52. But the dot-com bubble burst shortly thereafter and ushered in a punishing slide.
Citing 2015 as a year that corporate profits may decline, Faber said: "Recently the economic news given all the [Federal Reserve] stimulus that has happened over the last five years have been rather disappointing."
—Reuters contributed to this report.