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 sector this year, spiked on 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
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 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
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
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
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread 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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
European stocks closed higher on average Wednesday after signs of progress with U.S. tax cuts and Brexit negotiations boosted sentiment.
The pan-European STOXX 600 ended around 0.26 percent higher in trade, with most sectors in positive territory. The U.K.'s FTSE 100 closed lower by 0.9 percent, as sterling rose against the U.S. dollar. Most other bourses, with the exception of the Swiss market, ended higher.
Retail stocks led the gains on Wednesday, up 1.74 percent for the day. Ocado was one of the top performers in the sector, adding to gains of more than 20 percent in the previous session. HSBC raised its target price for the stock, sending shares of the U.K. online grocer group more than 15 percent higher.
A basket of U.K. & European Bank stocks closed the day around 1.6 percent higher. This after the Fed Chair nominee Jerome Powell suggested a December interest rate hike looked likely.
Deutsche Bank said plans to revamp its investment bank would take another two to three years. Germany's largest lender has been seeking to steady the ship after a series of scandals and lawsuits last year. Its shares rose 2.4 percent.
In other stock news, Spain's Aena, meanwhile, rose more than 3 percent after Santander upgraded its rating on the stock to "buy".
Back in Europe, Britain and the European Union (EU) were reported to have reached a deal on a Brexit divorce bill on Tuesday. British newspapers said the final total would be approximately 50 billion euros ($59.2 billion). A deal over the bill would indicate London and Brussels are edging closer to a new phase in their negotiations.
Meanwhile, market focus also turned to bitcoin after it surpassed $11,000 during European trade. The digital currency, which was valued at 6 cents seven years ago, has soared more than 20 percent since Friday.
Stateside, the prospects of a tax cut appeared to improve on Tuesday as Senate Republicans moved to set up a full vote as soon as Thursday. However, several details of the measure remain unsettled and Republican leaders have admitted they are yet to round up the votes needed for passage in the Senate.
In the United States markets opened with record highs for the Dow Jones Industrial Average and the S&P 500. Earlier a revision of third-quarter U.S. GDP showed the economy expanded at an annualized rate of 3.3 percent.
Meanwhile, despite the improved economic growth in the euro zone, the European Central Bank warned Wednesday that there are concerns linked to a sudden increase in volatility.