Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread 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
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread more
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Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread 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
Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
New court filings reveal that Elon Musk's family office spent tens of thousands on a private investigator to dig up details about Thai cave rescue hero Vernon Unsworth, after...Technologyread more
Wall Street can't agree on whether the worst is behind Wells Fargo as KBW downgraded the stock, while BMO upgraded the shares Monday morning.
"WFC shares have priced in the cross-selling 'scandal' in our view," wrote BMO's James Fotheringham, upgrading the stock to market perform from underperform.
Meanwhile, KBW's Brian Kleinhanzl told clients: "We believe the current valuation is not attractive enough to overcome the revenue and expense uncertainty that comes with changing the sales culture in consumer banking."
Since the San Francisco–based company agreed to pay a $185 million fine on Sept. 8 due to illegal account openings, the stock has fallen more than 10 percent.
Adding to the troubles, last week, long-time CEO John Stumpf suddenly retired, bowing down to mounting pressure over the scandal. Wells Fargo put chief operating officer Tim Sloan in charge.
On Friday, the bank released third-quarter earnings that fell short of expectations and remained unsure about the potential long-term financial implications from the debacle.
Below are the bullish and bearish scenarios debated on Wall Street.