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 sector this year, spiked on 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
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 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
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
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
Department stores are seeing an epic fall in holiday sales as consumers defect to online shopping.
The issue recently caught the attention of the St. Louis Federal Reserve, which found department store sales are at their lowest level in nearly 25 years. And, MasterCard is reporting department store sales were flat year over year during the Black Friday weekend, while online sales rose by double digits.
However, one of the retail industry's biggest insiders sees ways to bring shoppers back.
You have to win by incorporating in-store and moblie shopping, former Saks Chairman and CEO Steve Sadove told CNBC. In other words, department stores must be able to offer consumers a solid omnichannel experience.
"A lot of companies are innovating right now but they have to do it faster. ... They have to invest in the store base and they have to invest in the technology, " Sadove said on "Fast Money" last week.
Retailers like Amazon, which recently announced plans for drone delivery and launching its own fleet of trucks, are "setting the tone," Sadove said. "You have got to be able to do what Amazon does in terms of delivering the shopping experience, and that is what the consumer expects."