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 sector this year, spiked on 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
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 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
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
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
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
Billionaire hedge fund pioneer Leon Cooperman told CNBC on Tuesday the world is "turned upside down," from negative interest rates in Japan and Europe to the unprecedented U.S. presidential election.
"The world is all crazy," the Omega Advisors chairman and CEO told "Squawk Box." "[But] the world is not going into recession."
Against that backdrop, U.S. stocks are "fully valued," Cooperman contended. "The market is fully valued, not exploited, not overvalued, but fully valued." Omega has about $5.4 billion in assets under management.
But for investors who do their homework there's opportunity, Cooperman said. "I think there are many companies that are very cheap relative to the index ... because the money flowing into the market is largely going into these indexed products."
Cooperman also said nominal GDP growth should be around 4 percent, which means the fed funds overnight lending rate should be 2 percent, not 37 basis points.
The Federal Reserve has the fed funds rate pegged in a range of 25 to 50 basis points. Central bankers will next meet in November to decide on whether to raise rates.
The Fed last increased rates in December 2015 for the first time in more than nine years. The market puts the odds of a December hike this year at about 70 percent.
Cooperman also said the 10-year Treasury yield, trading near 1.76 percent early Tuesday, should be around 4 percent.