Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
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Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
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U.S. stock index futures pointed to flat open on Thursday, as investors await more developments concerning an overhaul of the U.S. tax system.
Dow Jones industrial average futures fell 38 points, while S&P 500 and Nasdaq 100 futures gained 0.25 points and 19 points, respectively.
In the previous session, U.S. equities finished relatively mixed, with the Nasdaq lifted by an uptick in technology stocks. The rest of the U.S. market closed slightly lower as investors awaited more details as to what the final tax reform would look like from Congress.
Elsewhere, jobless claims are expected to come out at 8:30 a.m. ET, followed by Quarterly Services Survey data at 10 a.m. ET. Consumer credit is expected to be released later on in the day, at 3 p.m. ET.
In politics, President Donald Trump announced Wednesday that the U.S. recognized Jerusalem as the capital of Israel and that the American embassy would be moved there, even though officials recently said the relocation could take "years".
The announcement was met with condemnation worldwide, from Arabs and Muslims in the Middle East, to the United Nations and European Union; with the latter two institutions both voicing fears about what ramifications the decision would have on the peace-making process between Israel and Palestine.
The overhaul in the U.S. tax system continues to sway market sentiment. The U.S. Senate voted to go to a conference committee with the House on Wednesday, in order to negotiate a plan when it comes to reforming the current system. The Senate voted 51-47 in favor, with Republicans hoping to secure an agreement on a tax proposal by Christmas.
William Dudley, president of the Federal Reserve Bank of New York, is expected to attend the "Higher Education Financing and Costs and Returns of Higher Education" event in New York.
Elsewhere, Bitcoin broke above the $14,000 mark, less than 24 hours after the cryptocurrency passed the $12,000 milestone.