These are the stocks posting the largest moves before the bell.Market Insiderread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit on Monday, while some energy stocks are shooting upward.Marketsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
U.S. stock futures are under pressure Monday as oil prices spike higher after Saturday's coordinated strikes on key Saudi oil interests.Marketsread more
In the past few weeks, the S&P 500 has waged a 6% rally, pulling within 1% of its late-July record high by Friday's close.Trading Nationread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The government is asking the public for its input on whether to roll back some crisis-era rules that clamped down on trading and risky investments by banks.
The national bank regulator, called the Office of the Comptroller of the Currency, is opening a public comment period asking if the Volcker rule should be revised to lessen the compliance burden on banks. "This is one piece of a larger interagency effort to improve the rule," the notice said on Wednesday.
The rule, which is part of the 2010 Dodd-Frank financial reforms, was meant to restrict banks from trading or undertaking other risky investing activities for their own accounts in the aftermath of a financial crisis that felled Lehman Brothers and sent many other financial firms scrambling for safety.
It required big Wall Street banks like Goldman Sachs and Morgan Stanley to curtail trading desks and exit investments in private equity and hedge funds, and as a result they have shifted the focus of their business.
But the Volcker rule has been widely criticized for creating complex compliance issues, including how to define trades that are speculative versus those that facilitate customer needs, and how to determine what investment activities are permissible. Late last year the Fed gave Wall Street five more years to unload stakes in some of their harder-to-sell investments to get into compliance with the rule.
The regulator is looking at whether to change aspects of the rule that defined the type of trading it covers, which firms are covered by it and how bank compliance with the rule is measured.
The OCC says lawmakers on both sides of the aisle agree there is a need to clarify the Volcker Rule, which was named after former Fed Chairman Paul Volcker, to remove unnecessary burdens on banks.