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
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
SAP, Europe's most valuable technology company, reported that third-quarter revenue growth slowed after a strong first half and profits came up just short of analysts' expectations.
Core profit excluding special items rose by 4 percent to 1.64 billion euros ($1.94 billion) at constant currency rates, SAP said, below the 1.69 billion euros expected by analysts in a Reuters poll.
Nonetheless, SAP said it was confident it could meet or beat its financial targets for the full year, as it modestly raised the midpoint of its outlook for 2017 revenue and core profits.
Revenue for the German business planning software provider grew 8 percent to 5.59 billion euros from a year earlier, falling short of the mean forecast of 5.71 billion euros from 16 analysts surveyed by Reuters.
SAP had posted double-digit revenue growth in the first two quarters of 2017.
Cloud subscriptions and support revenue rose 27 percent in the third quarter to 938 million euros, excluding currency effects, compared with the 29 percent analysts had expected, on average.
Its classic software license and support business revenue rose 4 percent to 3.72 billion euros, with to a growth rate of 2.2 percent expected by analysts.
SAP Chief Executive Bill McDermott was bullish for the fourth quarter, telling journalists that cloud bookings were up around 35 percent year-on-year during the current period.
"We are gaining share against our competitors. SAP is growing faster in the cloud - and we are doing it organically," McDermott said during a conference call, contrasting the acquisition-fuelled growth of rivals.