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
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
A new research study by the Digital Citizens Alliance shows how easy it is to buy illegal steroids or appearance and performance enhancing drugs (APEDs)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
These are the stocks posting the largest moves midday.Market Insiderread more
U.S. stock futures opened to the downside in early trading Sunday, as investors grew increasingly restive in the wake of the U.K.'s decision to extricate itself from the European Union.
Risk aversion also sent the reeling to near $1.34, within view of its lowest in 30 years around $1.32. Early Sunday, Goldman Sachs issued a research note predicting that Britain could enter a recession by next year, and the bank sharply downgraded global growth expectations.
Dow futures fell, with the implied opening signaling a 150-point drop, while S&P 500 futures pointed to a 21-point decline and NASDAQ futures indicated a 43-point drop. Gold futures rose, in a reflection of sustained demand for safe-haven assets.
Despite a rough day Friday, in which the Dow tumbled 610 points and each of the major averages fell at least 3 percent, the mood heading into Monday was downbeat but not panicky.
The pound's loss against the dollar amounted to about 1.3 percent.while the euro was off 0.75 percent. U.K. government bond yields were mixed with the 10-year edging higher just a bit.
Asian stocks fell at the open, with Japan's Nikkei off 1.5 percent. Futures for the U.K.'s FTSE indicated a drop of 3 percent at the open.
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