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 sector this year, spiked on 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
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 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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
Donald Trump faced a wide-ranging press conference Wednesday for the first time since July amid the latest reports about possible ties to Russia and lingering questions about his business holdings.
(READ A PARTIAL TRANSCRIPT HERE. FULL TRANSCRIPT TO COME.)
Here are some of the most riveting moments from the event:
The president-elect last held a press conference 167 days ago as his presidential election contest with Hillary Clinton heated up. Trump has almost exclusively used Twitter and written statements to communicate since his election in November, waiting longer than recent president-elects to hold a press conference.
At the Trump Tower lobby in New York, Trump addressed suspected Russian interference in the U.S. election, his plan to reduce conflicts of interest during his presidency, and his health care and immigration policy.
Trump on Wednesday claimed he has "nothing to do with Russia" and argued that he is the victim of political attacks after reports that intelligence officials possessed briefing material with damaging accusations about ties to Moscow. On Twitter, Trump called the reports "unfair" and said, "Russia has never tried to use leverage over me." Trump claimed that he has "no deals, no loans, no nothing" with Russia, an assertion that is difficult to verify because he has not released his tax returns, unlike every president since Jimmy Carter.
The FBI is not actively investigating the information, which was initially circulated among Trump opponents and has not been verified by intelligence agencies, two U.S. officials told NBC News. Those sources did not comment to NBC about the nature of the allegations.
Trump will hand control of his business to his two eldest sons, but will not fully divest or create a blind trust, as the Office of Government Ethics and former White House ethics lawyers have called for him to do. A lawyer advising Trump on ethics issues claimed that it would be too difficult and could create even more conflicts.
The OGE and experts have called on Trump to sell his assets and let an independent trustee manage them, following past presidential precedent. This would reduce the possibility that he and his family could use the office to benefit themselves financially.
Trump has correctly noted that the president is exempt from criminal conflict of interest laws and said his two eldest sons will manage his businesses with other executives. The OGE has said that move will not go far enough to reduce potential conflicts.