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
The number of Americans filing for unemployment benefits fell last week, dropping for a second straight week as labor market conditions tightened further.
Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 238,000 for the week ended Nov. 25, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported.
Economists polled by Reuters had forecast claims edging up to 240,000 in the latest week. The data included last Thursday's Thanksgiving holiday. Claims tend be volatile around shifting holidays.
Last week marked the 143rd consecutive week that claims remained below the 300,000 threshold, which is associated with a strong labor market. That is the longest such stretch since 1970, when the labor market was smaller.
The labor market is near full employment, with the jobless rate at a 17-year low of 4.1 percent. A Labor Department official said claims-taking procedures continued to be disrupted in the Virgin Islands, whose infrastructure was destroyed by Hurricanes Irma and Maria.
The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, increased 2,250 to 242,250 last week.
The claims report also showed the number of people still receiving benefits after an initial week of aid increased 42,000 to 1.96 million in the week ended Nov. 18.
The four-week moving average of the so-called continuing claims rose 18,250 to 1.91 million. The continuing claims data covered the week of the household survey from which November's unemployment rate will be calculated.
Continuing claims increased 57,000 between the October and November survey periods suggesting little change in the unemployment rate this month.