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 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 sectors this year, spiked 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
"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
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread 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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Though it isn't clear how much the world's largest retailer would cough up for Jet, a personal familiar with the talks told Dow Jones that the website could be worth $3 billion, the organization reported Wednesday.
Wal-Mart declined to comment on the report; Jet.com did not immediately respond to CNBC's inquiry.
Wal-Mart shares edged up slightly, while Amazon declined following the news.
Wal-Mart CEO Doug McMillon said at the company's shareholder meeting in June that it would soon become more aggressive in growing its online business. Earlier this year, the company sold Yihaodian, its Chinese online marketplace, to JD.com. It likewise acquired a 5 percent stake in JD.
The retailer also completed the rollout of Walmart Pay earlier this summer, which allows shoppers to check out using their smartphones. Meanwhile, it's beefing up the amount of products sold on its website, and is looking to take on Amazon with its answer to Prime, called ShippingPass. That subscription service offers fewer perks than Amazon Prime, but costs just $49 a year. That compares with $99 annually for Prime.
All in, Wal-Mart plans to invest $1.1 billion into e-commerce this year.
Though Wal-Mart is the second-largest U.S. retailer in terms of online sales, its growth has recently stalled. During the first quarter, Wal-Mart's digital revenues rose 7 percent. That compared with a 17 percent jump in the prior-year period. Its results likewise fell well short of Amazon's first-quarter sales growth, of 32 percent.
Wal-Mart's digital sales account for an estimated 3 percent of its overall revenues, at roughly $13.6 billion, according to eMarketer.
Jet.com just celebrated its one-year anniversary. It has raised more than $500 million in funding in its quest to dethrone Amazon, according to CrunchBase. But its business model has shifted since its original launch. Though Jet initially charged a $50 membership fee, from which it said it would derive its profits, it eliminated that charge after only a few months.
Jet promises lower prices than its competitors, which it says is possible by bundling together items.