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
An interest rate increase "may be warranted later this year," even though the economy remains weak by historical standards, Fed Chair Janet Yellen said on Friday.
In prepared remarks for delivery at a San Francisco Fed conference, Yellen said it was not essential to see a rise in core inflation before raising interest rates. She suggested that a weakening in inflation or wages, on the other hand, would hold the central bank back from the first rate hike in 9 years.
At the same time that she was suggesting more willingness to raise rates in the near term, she also struck a dovish note about the long term, saying the return to a normal Fed funds rate was "likely to be gradual." Earlier this week Fed Vice Chair Stanley Fischer had also said there were no plans for regular rate hikes.
"The fact they're staying on point, Fischer and herself, means they think the market interpretation of them being more dovish is correct," said George Goncalves, head of rates strategy at Nomura.
The Fed chair also continued with her recent comments on currency, noting the strong dollar was hurting exports.
Stocks added slightly to otherwise muted gains on Yellen's comments. Click here to see market reaction.
Earlier this month, the Fed released its latest guidance on raising interest rates. Markets interpreted the dovish statement as a slower path to a rate hike that could happen closer to the September meeting, rather than in June.
Fed funds futures as of late Friday afternoon were pricing a better-than-average chance of the first rate hike in October at the earliest.
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—Reporting by CNBC's Steve Liesman