Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
Oil prices fell on Monday, hitting two-month lows, pressured by rising Canadian supplies, a higher U.S. oil rig count, and cuts in bullish hedge fund bets on crude.
Hundreds of thousands of new barrels of crude have begun arriving in Alberta's oil sands region, crowding pipelines as producers recover from wildfires that crippled output two months ago.
The rising Canadian output pressured prices even though traders said data from market intelligence firm Genscape showed a drawdown of 488,625 barrels at the Cushing, Oklahoma delivery hub for U.S. crude futures during the week to July 8.
Also pressuring crude prices, data on Friday showed the U.S. oil rig count rose last week for the fifth time in six weeks. U.S. oil company bankruptcy filings in June hit their lowest for this year, data showed. Both factors suggested drillers were cranking out more crude.
Other data from Friday showed hedge funds cut bullish bets on U.S. crude to the lowest in four months.
Brent crude traded at $46.21 per barrel by 2:41 p.m. ET, down 4 cents after sliding to a session low of $45.90, the lowest since May 11.
U.S. West Texas Intermediate (WTI) crude settled down 1.43 percent, or 65 cents, at $44.76 per barrel, the lowest settle since May 10. During the session, WTI hit a two-month low of $44.53.
"We have shifted to a bearish trading stance and off of a neutral posture that we had maintained for approximately a month following transition from a bullish view in early June," said Jim Ritterbusch of Chicago-based oil markets consultancy Ritterbusch & Associates.
"We have suggested the likelihood of a price downdraft in WTI and Brent to about $37 and $38 areas, respectively."
Oil prices were down most of the day since trading began in Asia on Monday as refiners in that region cut back on crude orders due to worries of an economic slowdown.
Iran set the official selling price of its light grade for Asia at 45 cents above the Oman/Dubai average for August, which is down 40 cents on the month.
Crude futures got a reprieve from session lows after Wall Street's index hit a record high, reacting to a bullish U.S. monthly jobs report from Friday that boosted confidence in the economy.
Crude also pared losses on a report that Nigeria's Trans-Niger pipeline, used for exporting Bonny light crude, had been shut for unknown reasons.
Goldman Sachs said that it expected "WTI oil to remain in a range of $45-50 per barrel over the next 12 months".
Saudi Arabia's energy minister Khalid al-Falih said on Sunday that and, as a result, prices were stabilizing.
However, signs of economic slowdown weighed. In Japan, core machinery orders unexpectedly fell 1.4 percent in May from the previous month, down for a second straight month, government data showed on Monday.
Elsewhere, China's economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter, according to a Reuters poll of 61 economists, its weakest in seven years.
Despite this, vehicle sales climbed 14.6 percent to 2.1 million units in June compared with last year, according to the China Association of Automobile Manufacturers.