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
A lucky winner in Massachusetts is taking home the $758.7 million Powerball jackpot.
Experts typically advise lottery winners to take their time before claiming the prize, and to stay anonymous if possible. But Mavis L. Wanczyk, a 53-year-old hospital worker from Chicopee, Mass., stepped forward Thursday to claim her prize — the largest individual win in U.S. lottery history.
The winning numbers for Wednesday's drawing were 6, 7, 16, 23 and 26, with a Powerball 4. The jackpot has now reset to $40 million.
The $758.7 million prize was the second largest in the game's history and the second largest in U.S. lottery history. It's also the largest payout ever awarded to a single ticket. (The biggest jackpot, a nearly $1.6 billion Powerball in January 2016, was split among three winners from California, Florida and Tennessee. Each winner received $327.8 million before taxes.)
Of course, Wanczyk won't walk away with the full amount. Lottery officials reported that she opted to take the $480.5 million lump sum. Lottery site USAMega.com estimates the federal tax withholding would be roughly $120.1 million, with Massachusetts state taxes taking $24 million more. Those figures are just the amounts withheld up front; the final tax burden is likely to be even higher.