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
Prominent Silicon Valley investor Peter Thiel spent just 12 days in New Zealand over the course of five years before the country allowed him to become a citizen, according to documents the country's government released on Wednesday.
Thiel, who was born in Germany and has citizenship there and in the U.S., petitioned for New Zealand citizenship citing "exceptional circumstances" that would be in the public interest.
Taking into consideration Thiel's track record — which includes cofounding PayPal, backing New Zealand company Xero, contributing money for the development of a local fiber optic cable, investing early in Facebook and donating to an earthquake relief fund — and his interest in supporting New Zealand entrepreneurs, New Zealand's Department of Internal Affairs ultimately granted his request for citizenship in 2011.
But Thiel did not meet all requirements for New Zealand citizenship. Having received permanent residence in the country in 2007, he was supposed to have spent at least 1,350 days there in the five years leading up to his citizenship application, according to documents made available under the country's Official Information Act.
Additionally, New Zealand law required Thiel to intend to continue to reside in New Zealand or work outside the country for an approved organization, such as a New Zealand company. But Thiel "has stated that, if granted citizenship, he would continue to reside there (in the U.S.) to manage his American companies," one document states.
The government officials pointed to multiple instances of Thiel looking to do more in New Zealand. For example, they noted that Thiel representatives talked with New Zealand's Ministry of Science and Innovation officials about forming a technology company incubator in the city of Auckland, as well as a San Francisco "landing pad" for New Zealand entrepreneurs going to the U.S.
"As a world-class entrepreneur Mr. Thiel believes that with the right support New Zealand can achieve a place at the top of the world's list of best countries for entrepreneurs," the Department of Internal Affairs officials wrote.
Thiel is a cofounder of Founders Fund, which has invested in Airbnb, Lyft, Spotify and Stripe, among other companies. He is also an advisor to President Donald Trump. A Founders Fund representative did not respond to a request for comment.