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
Consumer confidence declined slightly in October after clocking record highs earlier this month.
The consumer sentiment index, a survey of consumers by The University of Michigan, hit 100.7 in October, slightly below estimates of 100.9, according to economists polled by Reuters.
Earlier this month, the key economic indicator leaped 6.3 percent to 101.1, demolishing the record previously set in August.
This is only the second time that end-of-month survey results have surpassed the 100 mark since the record 1990s expansion. The previous month was in January 2004, when the index hit 103.8.
"Lingering doubts about the near term strength of the national economy were dispelled," said Richard Curtin, Survey of Consumers chief economist. "More than half of all respondents expected good times during the year ahead and anticipated the expansion to continue uninterrupted over the next five years."
Curtin said the Great Recession changed consumer attitudes about economic risks; they're "now giving greater preference to economic stability relative to economic growth," he said.
The index measures 500 consumers' attitudes on future economic prospects, in areas such as personal finances, inflation, unemployment, government policies and interest rates.