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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
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
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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
U.S. stock futures are under pressure Monday as oil prices spike after Saturday's coordinated strikes on key Saudi oil interests.Marketsread more
In the past few weeks, the S&P 500 has waged a 6% rally, pulling within 1% of its late-July record high by Friday's close.Trading Nationread 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
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to Kuo.Technologyread more
Voters cannot let the presidential candidates skirt the issue of Social Security, even if it seems early for parts of the electorate to be thinking about retirement, former Sen. Bob Kerrey said Tuesday.
The first part of that plan is pandering to seniors, telling them "something other than what's the truth," Kerrey said.
The next component? "In 18 years, benefits get cut. And if you're under the age of 40, they get cut a lot," Kerrey said.
Kerrey said that the two-term system only perpetuates the problem, since incoming presidents do not feel the pressure to change things based on an 18-year outlook.
"You cannot allow people who are supporting the do-nothing plan to get away from answering the question, 'Do you support cuts in the program?'"
Kerrey said Social Security is not getting the proper attention in the 2016 election.
"In very large numbers, old people vote. And in very low numbers, young people vote," he said.
"It's relatively easy to make a promise to people who are going to vote in large numbers and then not disclose to people who are going to vote in relatively small numbers that they're going to get screwed."
The people who are front-and-center now – Clinton, Trump, and most of Congress included – will likely not be affected by the do-nothing plan in their lifetimes, Kerrey said. What the media and the electorate need to do is make younger voters aware of the issue before doing nothing results in, well, nothing, he said.