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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread 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
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread 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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
On Thursday, Reuters reported that China's ride-hailing giant Didi Chuxing will launch in Mexico next year. The move would mark Didi's first expansion of its services beyond China. It also underscores Didi's existential threat to Uber, its U.S. counterpart.
The companies will soon share a major investor in Softbank, which has led to speculation they would get out of each other's way in the global market. But history seems likelier to repeat itself, at this point.
Didi has the potential to checkmate Uber in Latin America, if not the Americas entirely.
The two companies have been in a slow-moving war for years. In 2016, Didi muscled Uber out of its home base of China. Uber had rolled out its ridehailing services in 60 different cities there, with 150 million trips driven per month through its platform. But Uber was also racking up losses of more than $1 billion in China annually.
What Uber had going then, was a huge amount of equity funding, and other eager investors waiting in the wings. Then Didi managed to raise $1 billion from Apple for growth. And it became clear that Uber would not be able to out-spend its rivals on their home turf.
By the summer of 2016, Uber agreed to sell its China-based business to Didi in a merger which gave it a one-fifth stake in Didi and granted ex-Uber CEO Travis Kalanick a non-voting board seat at Didi.
Didi also invested $1 billion of its own money into Uber.
At that time, Didi had expressed interest in expanding its services to Macau, Japan, South Korea and Russia.
Now, it's not entirely a surprise that Didi is moving west.
This past February, Didi set up a division for international expansion. Next, it established a Mountain View, California, outpost where it has begun working on self-driving technology. And most recently, Didi launched an English-language version of its app, which was previously only available in Chinese.
Uber has long been one of venture capital's most lavishly funded companies, with more than $12 billion in equity funding. Now, Didi has surpassed it with $15.1 billion in venture funding.
Correction: Softbank is in the process of investing in Uber through a tender offer. The deal has not yet closed.