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
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread 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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread 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
Acting FBI Director Andrew McCabe promised senators on Thursday that he will not give the White House updates on the Russia election probe.
At the Senate Intelligence Committee hearing, the panel's Vice Chairman, Mark Warner, D-Va., asked McCabe if he would commit to informing the committee of any political interference in the Russia investigation. "I absolutely do," McCabe responded.
"There has been no effort to impede our investigation to date. ... You cannot stop the men and women of the FBI from doing the right thing," McCabe said when Sen. Marco Rubio, R-Fla., asked if the firing has disrupted any of the FBI's work.
The White House has repeatedly said Comey's abrupt firing on Tuesday had nothing to do with the Russia probe, which Comey explained in March includes investigating any possible links between Trump campaign associates and the Kremlin.
Comey had been set to appear at the already-scheduled hearing on global threats before his ouster.
McCabe denied that Comey had lost
"Director Comey enjoyed broad support within the FBI and still does today," McCabe said.
The Trump administration has suggested multiple motives for Comey's termination, including his conduct in the probe into Hillary Clinton's handling of classified information last year and an error in his congressional testimony on the probe last week. However, the timing of the firing — which comes as the bureau is investigating the president's campaign — has raised concerns from lawmakers on both sides of the aisle, including several Senate Republicans.
It has also sparked questions about whether the Trump administration will attempt to derail the probe.
In his letter firing Comey, Trump went out of his way to write that the FBI director told him three times he was not under investigation. Such a statement from Comey would not appear to follow the FBI's protocol, multiple reports said.
Asked Thursday if he knew if Comey told Trump he was not under investigation, McCabe said he could not comment. Later in the hearing, McCabe said he would not give the White House such updates on the investigation.
He called it a "highly significant investigation." The White House has contended that there is nothing underpinning the probe and Americans should move on from it.
McCabe said he was not aware of a reported Comey request for more resources for the probe, adding that he believes it is "adequately" funded.
Democrats have decried the firing and increased their calls for a special prosecutor in the Russia investigation. Most Republican lawmakers, though, have resisted those calls and said that the Senate Intelligence Committee's probe into Russian interference is adequate.
Trump has repeatedly denied that his campaign colluded with Russia, and has even suggested that Moscow may not be responsible for
McCabe, who joined the FBI 20 years ago and became deputy director last year, is respected within the bureau. Comey enjoyed similar popularity among the rank and file of the FBI.