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
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread 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
Uber Technologies and Indonesia's second-biggest taxi operator PT Express Transindo Utama Tbk announced on Monday a partnership on ride-sharing and vehicle financing.
The deal will give Uber, which currently operates in five Indonesian cities, some access to Express's fleet of more than 11,000 taxis and 17,000 drivers. It will also help the U.S. firm meet regulations on getting a local partner.
Express drivers who participate in the new program can take orders on the uberX service to "supplement their existing business", the joint statement said. UberX is typically a low-cost option that allows up to four riders.
Uber drivers, referred to as "driver-partners", can lease vehicles with no taxi attributes or branding from Express by making monthly payments, partly through the income generated from using the Uber app.
Uber's move follows partnerships of its rivals with local firms. Earlier this year, homegrown ride-hailing app Go-Jek teamed up with Indonesia's biggest taxi operator PT Blue Bird Tbk on technology, payment and promotions, while Southeast Asian firm Grab has a mobile payment partnership with the Lippo Group.
Ride-hailing services have met with regulatory obstacles in the country of 250 million people. The government has ordered them to pass vehicle safety tests and ensure that their drivers are licensed, among other conditions.