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 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
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to Kuo.Technologyread more
U.S. consumer prices barely rose in October as the boost to gasoline prices from hurricane-related disruptions to Gulf Coast oil refineries were unwound, but rising rents and healthcare costs pointed to a gradual buildup of underlying inflation.
The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month after jumping 0.5 percent in September. That lowered the year-on-year increase in the CPI to 2.0 percent from 2.2 percent in September.
Economists polled by Reuters had forecast the CPI nudging up 0.1 percent in October and rising 2.0 percent on a year-on-year basis.
Gasoline prices fell 2.4 percent after surging 13.1 percent in September, which was the largest gain since June 2009. September's jump in gasoline prices followed Hurricane Harvey, which struck Texas in late August and disrupted production at oil refineries in the Gulf Coast region.
Food prices were unchanged after nudging up 0.1 percent in September. Excluding the volatile food and energy components, consumer prices rose 0.2 percent in October amid a pickup in the
cost of rental accommodation, healthcare costs, tobacco and a range of other goods and services.
The so-called core CPI gained 0.1 percent in September. October's increase lifted the year-on-year increase in the core CPI to 1.8 percent. The year-on-year core CPI had increased by
1.7 percent for five straight months.
The slight pickup in the monthly core CPI could offer some comfort to Federal Reserve officials amid concerns that stubbornly low inflation might reflect not only temporary factors but developments that could prove more persistent.
The Fed's preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, has consistently undershot the U.S. central bank's 2 percent target for more than five years. The Fed is expected to raise interest rates in December. It has lifted borrowing costs twice this year and has projected three rate increases in 2018.
Last month, the cost of rental accommodation rose 0.3 percent, matching the increase in September. Owners' equivalent rent of primary residence climbed 0.3 percent after advancing
0.2 percent in September.
The cost of hospital services increased 0.5 percent and prices for doctor visits rose 0.2 percent. There were also increases in prices for wireless phone services, airline fares, education and motor vehicle insurance.
Prices for used cars and trucks rose 0.7 percent, ending nine straight months of declines. New motor vehicle prices, however, fell for a second consecutive month as manufacturers resorted to deep discounting to eliminate an inventory overhang.