While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
Of the recessions the U.S. has seen dating back to the early 1980s, none has come without an oil spike of at least 90%.Economyread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread 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
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.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
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
New research by the Digital Citizens Alliance shows how easy it is to buy illegal steroids and other appearance- and performance-enhancing drugs.Cybersecurityread more
GM shares were down nearly 3% Monday as analysts estimated the strike could cost GM tens of millions of dollars per day. The two sides resumed talks at 10 a.m. Monday...Autosread more
Amazon changed the algorithms that power its product-search system to favor the company's own products, The Wall Street Journal reported.Technologyread more
Between 180 and 200 underperforming GameStop stores are set to shutter before the end of the fiscal year, and more could be on the way.Entertainmentread more
Take a look at some of Monday's early movers:
Consol Energy — The coal and natural gas producer said it agreed to sell its Buchanan Mine and some other coal assets for about $420 million in a deal expected to close in the first quarter. The company said it would suspend its quarterly dividend after the sale closes. Shares jumped more than 8 percent in premarket trading.
Citigroup — The financial giant plans to sell its 20 percent stake in Chinese regional lender China Guangfa Bank for about 19.7 billion yuan ($3 billion). Separately, Citigroup said in an annual filing with securities regulators on Friday it has received questions from U.S. federal authorities about banking relationships and transactions at its Citibank unit by "certain individuals" involved with alleged corruption and money laundering connected with FIFA.
Berkshire Hathaway — Warren Buffett's conglomerate said quarterly operating profit in the fourth-quarter profit rose 18 percent to $4.67 billion, or $2,843 a share, while revenue rose 7 percent to $51.82 billion. Analysts polled by Reuters had expected operating profit of $2,814 a share. For the full year, operating profit rose 5 percent to $17.36 billion, or $10,564 a share.
Sysco — The company plans to reduce its workforce by about 2 percent, or 1,200 positions, over the next 15 months with focus on "administrative, non-customer-facing roles," according a release giving details on Sysco's three-year plan. Shares were more than 1.5 percent higher in premarket trading.
Federal-Mogul — The auto parts maker's shares surged more than 40 percent in premarket trading following news activist investor Carl Icahn's investment company Icahn Enterprises offered to buy the 18 percent of the company that it does not already own for about $213 million. Federal-Mogul said its board would appoint a special committee to review the offer.
AMC Entertainment — The company reported a 10.1 percent rise year-over-year in fourth-quarter total revenue to $783.9 million. Admissions revenues rose about 8.4 percent to $498.7 million. Food and beverage revenues climbed roughly 12.5 percent to $242.3 million, or $4.75 per patron, a record, AMC said in a release.
Lumber Liquidators — The company reported a greater-than-expected decline in quarterly sales of 17.2 percent, far more than the 12 percent drop expected by analysts polled by Consensus Metrix. Net sales also missed expectations with a drop of 13.7 percent to $234.8 million, for the third-straight quarterly decline in fiscal 2015. The stock was down about 10 percent in premarket trading.
Toyata Motor — The automaker plans to reorganize into units based on vehicle size and type, The Wall Street Journal reported, citing a source familiar with the matter.
Walt Disney — Tickets to the firm's U.S. theme parks will now cost up to 20 percent more during holidays and select weekends in an effort to help spread out crowds.
— Reuters contributed to this report.