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
Warren Buffett responded Monday to Donald Trump's attacks on his tax payments, offering income tax information and criticizing the Republican presidential nominee for not releasing his own tax records.
In Sunday night's presidential debate in St. Louis, Trump claimed that Buffett took a "massive deduction" while defending his claimed $916 million loss in 1995 that allowed him to avoid federal income tax in at least some years. Buffett, a supporter of Democratic nominee Hillary Clinton, said Monday that Trump "has not seen my income tax returns."
"I have paid federal income tax every year since 1944, when I was 13. (Though, being a slow starter, I owed only $7 in tax that year.) I have copies of all 72 of my returns and none uses a carryforward," Buffett said in a statement.
Trump has gone against recent presidential nominee precedent in not releasing tax returns, claiming he cannot because he is under audit. His election rival Clinton and other critics have contended he refuses to do so because the returns would expose use of tax loopholes, potential conflicts of interest in his business dealings or fewer charitable contributions than he publicly claims.
Trump's 1995 return was given to The New York Times and the newspaper first reported on it.
Buffett, the billionaire CEO of Berkshire Hathaway, said he is currently under audit and has "no problem in releasing (his) tax information while under audit."
"Neither would Mr. Trump — at least he would have no legal problem," Buffett said in a statement.
Buffett said that his 2015 return shows adjusted gross income of $11.56 million. He had total deductions of $5.48 million, which includes $3.47 million for allowable charitable contributions. He said he paid federal income tax of $1.85 million.
Buffett said he made $2.86 billion in charitable contributions for the year. More than $2.85 billion was not taken as deductions.