While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
Of the recessions the U.S. has seen dating back to the early 1980s, none has come without an oil spike of at least 90%.Economyread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.Marketsread more
It's a major comeback for Netflix after the company lost the streaming rights to shows like "Friends" and "The Office."Technologyread 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
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
New research by the Digital Citizens Alliance shows how easy it is to buy illegal steroids and other appearance- and performance-enhancing drugs.Cybersecurityread more
Sen. Warren won the endorsement of the grassroots Working Families Party, a progressive group that backed fellow progressive Bernie Sanders in the 2016 campaign.Politicsread more
GM shares were down nearly 3% Monday as analysts estimated the strike could cost GM tens of millions of dollars per day. The two sides resumed talks at 10 a.m. Monday...Autosread more
Chinese authorities have said they will head off the risk of a property market crash by stiffening regulation and preventing high land prices.
Regulators from land and housing ministries, as well as the Peoples Bank of China (PBOC), have agreed plans to curb speculation in bricks and mortar, Reuters reported, citing comments on Chinese state television (CCTV).
The authorities said they would stop funds being illegally funneled into property and that capital flow would be more forcibly balanced between real estate and other industries.
CCTV also reported that there would be greater scrutiny of the land market to prevent the underlying cost from pushing up property prices.
The Beijing-based authorities also reminded province leaders to enforce more restrictive lending and make sure building-related regulations were being closely followed.
Beijing has long been fearful that any sudden property crash could restrict wider economic growth and cause social unrest.
Average new home prices in China rose 0.3 percent month-on-month in October, a slight tick-up from a 0.2 percent gain in September. These figures are according to Reuters calculations from China's National Bureau of Statistics (NBS) data released Saturday.
This recent tapering off in price growth suggests that property market cooling measures have begun to take effect.
Back then, several cities tightened rules for home purchases by increasing the down payment required on real estate buys.
And in October this year, President Xi Jinping signaled that Beijing would continue to manage capital flow into the property market. At the opening of National Congress of the Communist Party of China, which is held every five years, Xi said: "housing is for living in, not for speculation."