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
Retailers' days could be especially bright this holiday season, as online sales are expected to hit $100 billion for the first time ever, Adobe Chairman, President and CEO Shantanu Narayen told CNBC.
"We think it'll be the first $100 billion, online, digital season ever," Narayen told "Mad Money" host Jim Cramer in a Tuesday interview. "We announced that mobile will actually cross the PC in terms of where all of these transactions are happening."
Adobe also expects this year's Cyber Monday — the Monday after Thanksgiving during which retailers offer deep discounts on online purchases — to be the biggest online shopping day ever.
"Cyber Monday is expected to become the largest online shopping day in history, generating $6.6 billion in sales, 16.5 percent growth compared to last year," the press release said.
The National Retail Federation expects overall holiday sales to rise by as much as 4 percent this year, topping $680 billion. The NRF predicts that non-store sales, which include online and kiosk sales, will increase by up to 15 percent to approximately $140 billion.
Helping businesses large and small adapt to the era of digital engagement is one of Adobe's key priorities, Narayen said.
"Digital is the key touchpoint in terms of building a new business and disrupting existing businesses," the CEO said. "Whether it's travel and hospitality, whether it's airlines, whether it's retail, whether it's education, digital's going to transform the business."
Narayen added that products like Adobe Sensei, the company's artificial-intelligence-enabled application, are helping its clients digitize their offerings to take advantage of new trends.
"What is happening on the business side is, when you're McDonald's, you're moving all of the screens to now be digital so you can order online and with a mobile device. If you're Mastercard, you're completely transforming how you look at all the information that you've got," Narayen said. "And making that power and harnessing that power with Adobe Sensei and the data that we possess, I think it's going to be a unique advantage for us."