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
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
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
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
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OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
Jim Cramer sees both senior and junior growth stocks as losers right now.
"These stocks are too visible to break down without causing the entire tape to look heavy. It is as if they have a grave responsibility to the entire market, and they are doing nothing but letting us down," the "Mad Money" host said.
Cramer noted that on a bad day, Disney's stock always looks like it is on a verge of a big break. The same goes for Nike and Starbucks, he said. Occasionally these stocks will dazzle, but will resume their decline a session or two later.
"It is torture. It seems like none of these rallies ever get you back to even. Tantalize and then crush," Cramer said.
Acacia and Twilio are two junior names that came public earlier in the year. They both pre-announced better-than-expected quarters, but then followed up with the announcement of a secondary offering. The good news was thwarted by an invitation for short-sellers.
Acacia priced its secondary down $10 at the same time as the pre-announcement last week. The stock quickly bounced but then fell apart.
Likewise, Twilio announced a secondary offering after a huge run on better earnings. It pre-announced the numbers before the secondary, but the stock still plummeted because of short-sellers.
"These secondaries, rather than creating opportunities for short covering, which is what happens in a healthy market, now look like opportunities for the shorts to double down on their positions," Cramer said.
Cramer compared growth stocks to a sinkhole. The ground looks solid on the bottom, but there is nothing underneath.
"For me, as a lover of growth, this is where the rubber hits the road," Cramer said.