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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread 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
The world's largest retailer on Thursday said more shoppers visited its stores during the three months ended July 31, as traffic grew 1.2 percent. That number stood in stark contrast to the results from Target, which Wednesday reported its first traffic drop in a year and a half. Using the number of transactions as a proxy for traffic, footfall at the bull's-eye retailer declined 2.2 percent in the fiscal second quarter.
"Our customers like what they're seeing in the stores," Wal-Mart CFO Brett Biggs said. "When you have higher in-stocks and your service levels are better the customers see that."
Wal-Mart has been investing big bucks to make its stores cleaner and more enjoyable to shop. That includes a $2.7 billion investment into training and wages for its workforce.
Biggs also cited the expansion of its online grocery business, which lets customers place their orders online and pick them up in the store. This service was rolled out to 30 new markets during the quarter for a total of about 60.
Wal-Mart's traffic gains have been "pretty consistent" across both its large format and smaller Neighborhood Market stores, U.S. Chief Greg Foran said. Same-store sales in those smaller shops rose 6.5 percent during the quarter, contributing to a 1.6 percent lift in that domestic comparable sales.
While the company is focused on its capturing more spend from its large base of existing customers, in some cases, Wal-Mart is attracting new customers, Biggs said.
"It's some of the basics that they're executing well on," Dana Telsey, CEO of Telsey Advisory Group, told CNBC.
That could be coming at Target's expense. Because of messaging that skewed too heavily toward its style and other discretionary categories, the bull's-eye retailer said Wednesday that it missed out on traffic to its grocery and consumables departments.
Target likewise saw a dip in traffic to its pharmacies, as it worked through a transition over to CVS branding. CVS acquired Target's pharmacy business in December.
"It's going to take awhile for Target to turn this around," UBS analyst Michael Lasser told CNBC Wednesday. "[Traffic's] not an easy problem to fix."