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
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
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
Samsung's Galaxy Note 7 phones may have an new, separate issue from the one addressed by its original recall, according to unnamed investigators cited by Bloomberg.
Samsung permanently halted production of its Galaxy Note 7 this week, asking its global partners to stop sales and exchanges amid continuing reports of batteries overheating. It was an aboutface for the brand, which had recalled 1 million phones in the U.S. in mid-September, issuing replacement devices it said were safe.
Samsung and U.S. safety regulators had pinned the problems to a certain battery supplier, SDI, according to Bloomberg. But a new flaw emerged after Samsung switched to batteries from China's Amperex Technology, Bloomberg reported.
Bloomberg reports that SDI's batteries were thought by U.S. regulators to be too large for the phone, crimping the corners and causing them to short circuit. Experts have told CNBC the cause might be thin separators between battery layers, or a manufacturing error, but Samsung has not responded to a request for clarification.
It comes after a New York Times report indicated that Samsung may not even know what the problem is with the phones, because testers were unable to recreate the battery explosions being reported.