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
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
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
Amazon changed the algorithms that power its product-search system to favor products with higher profit margins, The Wall Street Journal reports.Technologyread more
Between 180 and 200 underperforming GameStop stores are set to shutter before the end of the fiscal year, and more could be on the way.Entertainmentread more
The Trump administration has made a plan to oust Secretary of State Rex Tillerson and replace him with CIA Director Mike Pompeo, two news outlets reported Thursday.
The switch could happen "within the next several weeks," ending a rocky run for Tillerson as the nation's top diplomat, The New York Times reported, citing senior administration officials. Vanity Fair separately reported that Pompeo could replace Tillerson as early as January.
President Donald Trump's ally Sen. Tom Cotton, R-Ark., would lead the intelligence agency if Pompeo moves to State, according to the newspaper. The senator has advised Trump on issues like the Iran nuclear deal and immigration.
It is unclear if Trump has personally signed off on the move, the Times said. White House chief of staff John Kelly drew up the plan, according to the newspaper. Kelly later told The Wall Street Journal that the White House had no plans to replace Tillerson.
Asked Thursday whether Tillerson should stay in the job, Trump only said the secretary of state is "here." In a statement later, White House press secretary Sarah Huckabee Sanders did not deny the reports about a plan to replace Tillerson but said "there are no personnel announcements at this time."
"Secretary Tillerson continues to lead the State Department and the entire cabinet is focused on completing this incredibly successful first year of President Trump's administration," she said.
Later Thursday, State Department spokeswoman Heather Nauert pointed reporters to the White House statement an added that Tillerson "enjoys the job." Tillerson is "committed" to his duties and is continuing scheduled meetings and calls, she said.
Kelly called the agency earlier Thursday to say the reports were not true, Nauert added.
Reports for months have painted a picture of a tense working relationship between the president and his top diplomat. In October, NBC News reported that Tillerson considered leaving the job and called Trump a "moron" during the summer.
The secretary of State then delivered a remarkable, unscheduled statement in which he insisted he "never considered leaving."
Tillerson, 65, joined the Trump administration after serving as chief executive of Exxon Mobil. He has overseen the Trump administration's dramatic overhaul of the State Department, marked by budget cuts and unfilled jobs.
Pompeo, 53, served as a congressman from Kansas before heading the CIA.
Cotton, a 40-year-old Army veteran, first won his Senate seat in 2014. In a statement to CNBC, Cotton's office said his "focus is on serving Arkansans in the Senate."
If the senator leaves office, Arkansas Gov. Asa Hutchinson would pick a successor to serve until the 2018 general elections.