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 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 sectors this year, spiked 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
"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
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread 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
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
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread 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
Hawaiian Airlines is debating whether to launch basic economy class, a bare-bones product that other carriers love because passengers will pay more to avoid it.
The airline's challenge is how to offer a bare-bones class of service that doesn't insult passengers in the process, Hawaiian Airlines' CEO Mark Dunkerley told CNBC.
Hawaiian Airlines is tiny compared with other U.S. behemoth airlines, but its home market is growing rapidly amid a boom in tourism to the islands.
Cutting certain perks that are currently free could backfire, said Dunkerley, who is retiring early next year.
A vacation "is a moment in time when the breadwinners of the family can express to their children that they are capable of providing more than just a roof over their head and clothes that they grow out of every six months," he said. "When you're going to Hawaii, when you're plunking down that level of household expenditure, you don't want to be told that you're so cheap that you don't rate a meal."
It's particularly important for Hawaiian Airlines to hold onto core leisure customers. Southwest Airlines announced in October its long-awaited service to Hawaii. Dunkerley has shrugged off suggestions that the Hawaiian air travel market could see the so-called Southwest Effect, in which the Texas-based airline's presence in a market can lead to lower fares across the board.
What passengers get on basic economy varies across airlines. Passengers in basic economy generally board last and can't pick their seat assignments. American and United Airlines also prohibit them from using overhead bins.
Dunkerley said that Hawaiian isn't totally sold on the concept, but it's examining how the process has gone for other airlines.