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
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread 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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread 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
The next time you get a speeding ticket, be grateful you don't live in Finland—and that you don't make $7 million a year.
Like many Nordic countries, Finland bases its speeding tickets only partly on the actual speed violation. Most of the fine is determined by the violator's income. So when businessman Reima Kuisla got stopped for doing 64 miles per hour in a 50 mph zone, authorities looked at his 2013 tax return and saw that he made 6.5 million euros, or more than $7 million.
According to the BBC, Kuisla was given a fine of 54,000 euros, or just under $60,000.
The BBC said Kuisla took to his Facebook page to complain and said that he was considering moving abroad.
"Finland is impossible to live in for certain kinds of people who have high incomes and wealth," he wrote.
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But Kuisla's ticket is cheap compared to others given in the Nordic countries, which now tie fines to income or the value of the violators' car. In 2010, a Ferrari driver in Switzerland with a history of violations and a net worth of more than $20 million got a ticket for $290,000. In Germany, fines for speeding tickets can reach as high as $16 million.
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Politicians say the wealth-based tickets are a way to deter the rich—who can easily pay fines—from breaking the law. But clearly, governments also like the revenue.
Either way, life in the Nordic fast lane can get expensive.