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
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
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
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
Shares of Hewlett Packard Enterprise closed 3.5 percent higher after a report that some or all of the company's assets may be an acquisition target for private equity firms.
KKR, Apollo Global Management and Carlyle Group are mulling a buyout of the enterprise technology company, according to investigative technology site The Information. A sale of the company, which could be worth more than $40 billion, would allow the company to weather the IT industry's transition to the cloud away from the pressures of the public market, an unnamed source told The Information's Kevin McLaughlin.
Shares rose nearly 7 percent earlier in the day, but trimmed those gains slightly when Reuters reported that the firms are focused on acquiring some software assets that Hewlett Packard Enterprise has been considering divesting, worth between $6 billion and $8 billion, rather than the entire company.
HPE declined to comment to CNBC, citing a policy against responding to rumors and speculation. CNBC has reached out to the private equity firms named, who did not offer immediate comment to The Information or Reuters.
Hewlett Packard Enterprise, a market leader in servers and networking technology, recently separated from HP Inc, the legacy hardware business from the former Hewlett-Packard. Since then, shares have gained about 40 percent year to date as the company announced a spinoff of its enterprise services unit, which will merge with Computer Sciences.
Meanwhile, businesses are increasingly trading their own servers for cloud services from providers like Amazon and Microsoft. Worldwide cloud infrastructure services expenditure grew 52.3 percent year on year in the second quarter, independent analyst company Canalys estimates.
Angelo Zino, equity analyst at S&P Global Market Intelligence, responded to The Information's report in a research note, maintaining a "buy" opinion of the company. He said that by becoming smaller and more nimble, CEO Meg Whitman has positioned HPE to witness sustainable growth, making a buyout more likely.
"We believe such a scenario is more plausible after being spun-off from HP Inc. (HPQ) and the planned spin-off and sale of its enterprise services business," he notes. "Also, we see robust free cash flow and low valuation as attractive traits for possible bidders."
— CNBC's Jacob Pramuk contributed to this report.