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
Shares of private prison companies fell Monday after another federal agency said it would review use of private contractors for detention facilities.
Corrections Corporation of America and GEO Group declined more than 7 percent and 3 percent, respectively, in afternoon trade. CCA recovered some of its losses and ended the day 4 percent lower, while GEO maintained its 3 percent decline.
Department of Homeland Security Secretary Jeh Johnson released a statement saying he is directing the Homeland Security Advisory Council's chair, Judge William Webster, to establish a subcommittee to "review our current policy and practices concerning the use of private immigration detention and evaluate whether this practice should be eliminated."
The two publicly held prison operators briefly commented on the DHS review Monday afternoon.
"We've worked with the federal government to provide solutions to pressing immigration challenges for more than 30 years, and we welcome this review of our long-standing relationship," said Corrections Corporation spokesman Steve Owen, in an email to CNBC.
And in a press released issued Monday afternoon, GEO Group CEO George Zoley said the company is "confident that this independent review will show that GEO has provided needed, cost effective services that have resulted in significantly improved safety outcomes for the men and women in ICE's care and custody."
The DHS move follows the Department of Justice's Aug. 18 announcement that its Bureau of Prisons will begin phasing out the use of private contractors for federal prisons.
After the DOJ's announcement, private prison stocks had lost up to 50 percent of their value on trading before bouncing back. Analysts called the market reaction to that announcement overblown.
"I asked that the Subcommittee consider all factors concerning ICE's detention policy and practice, including fiscal considerations," Johnson said, in the Monday statement.
The subcommittee will provide the report to both Johnson and and the Director of U.S. Immigration and Customs Enforcement by Nov. 30.