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
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
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
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread 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
Shares of Delta Air Lines seesawed Friday after the carrier reported a large decline in revenue for August, in part from the computer outage at its Atlanta headquarters earlier that month.
The stock dropped nearly 1 percent in premarket trading after the company reported a year-over-year fall in passenger revenue for August. The shares recovered at the open, however, and ended the day up 0.95 percent.
Delta said Friday that passenger revenue per available seat mile declined 9.5 percent.
The company said the outage it experienced earlier in August, which lasted three days and canceled 2,300 flights, negatively impacted revenue by about $100 million.
Additionally, the company cited continued pressure from "close-in domestic yield" weakness — pricing on tickets purchased close to the time of travel — the ongoing supply-demand imbalance in the trans-Atlantic, and headwinds from its yen hedge positions as contributing to the drop.
"We are grateful to our customers for continuing to rely on Delta for the superior customer service and operational performance you've come to expect from us," Delta's CEO, Ed Bastian, said in a release. "Our recovery effort exemplified the hard work and determination of Delta people worldwide, and all 80,000 remain dedicated to regaining your trust."
In July, the airline forecast a drop of 4 to 6 percent in unit revenue for the third quarter ending in September.
Delta's stock is down more than 26 percent year to date.
DAL 2016 Chart