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
Investors see worse returns during the periods surrounding both marriage and divorce, according to a research paper published by the Social Science Research Network this month.
The research found that the annualized alpha, a measure of performance on a risk-adjusted basis, of younger fund managers fell nearly 16 percent during a divorce, while that of the older fund managers dropped about 4 percent.
When it comes to marriage, the average annualized alpha for older fund managers drops about 14 percent during the marriage event window, while that for younger fund managers actually increases about 2 percent during the same time, according to the report.
The paper quotes investor Paul Tudor Jones, who said in 2013, "I find out that [a] manager is going through divorce, [I] redeem immediately…. You can automatically subtract 10 to 20 percent from any manager if he is going through divorce."
More specifically, fund managers who depend more on interpersonal relationships in their investment strategies are more affected by divorce, while managers who manage larger funds and engage in high-tempo investment strategies are more affected by marriage.
The study, titled "Limited Attention, Marital Events and Hedge Funds," was conducted by a group of researchers from the University of Florida and the Singapore Management University.