An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
Donald Trump's economic positions have been overshadowed lately by his comments on other matters, but Wall Street has taken notice, sending clients research this week to invest around the proposed ideas of the candidate and Republican party platform.
His call for a repatriation holiday of 10 percent for the more than a trillion dollars in corporate cash parked overseas is among the ideas getting the most chatter on Wall Street right now. It's also possible Hillary Clinton would propose a similar policy, with some conditions, analysts said.
"Given the upcoming elections, there is newfound hope that the presidential candidates would be willing to push for a tax holiday so as to bring back the funds, encouraging its use for capital spending and job creation. Donald Trump already has advocated that idea," Citi Research's Tobias Levkovich wrote in a note to clients Friday.
Strategas Research sees several other positive ramifications of corporate cash repatriation.
"The most efficient way to do that is to impose a one-time tax on the existing foreign profits overseas which will free up the cash for companies to use for dividends, share repurchases, M&A, capital expenditures, and to pay down debt," Strategas' Daniel Clifton wrote in a report Tuesday.
Levkovich said there is approximately $1.2 trillion held overseas that can't be brought back to the U.S. without getting hit with the 35 percent corporate tax rate. Democrats are fine with taxing it at a lower rate, but the funds must be used for infrastructure spending, according to the strategist. However, he sees a "possible compromise" no matter who gets elected in November as Hillary Clinton is open to repatriation too.
So what can investors buy on a potential repatriation deal?