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
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
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
U.S. Commerce Secretary Wilbur Ross has at the last minute pulled out of a trip to Germany on Tuesday, the German economy ministry said, not giving a reason for the cancellation which comes at a time of friction with Washington over trade policy.
He had been due to meet German Economy Minister Brigitte Zypries and to address an event hosted by the economic council of Chancellor Angela Merkel's conservative party.
Trade has turned into a contentious issue between Germany and the United States under U.S. President Donald Trump, who advocates more protectionist policies while Germany has made free and fair trade one of its priorities in its Group of 20 presidency.
Merkel, who will host a G-20 summit in Hamburg on July 7-8, said late on Monday she did not see common interests between the United States and Europe on climate and trade policy at the moment.
The United States could be relied on when it came to security and Berlin was looking to see where there were other areas of agreement, said Merkel.
"But on the issue of climate protection or free trade, we do not have this at the moment," she said, adding that Trump had a vision of globalization "that is different to mine — very much so."
Last week, Merkel used an appearance alongside veteran German-born U.S. diplomat Henry Kissinger to stress that the transatlantic relationship was rooted in "joint convictions, values, and understandings."
A strong European economy is good for the United States, she said, less than a month after Trump called Germany's trade and spending policies "very bad." Merkel is seeking re-election for a fourth term in September.