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 idea of a giant Pacific trade deal isn't dead yet, even if the United States has turned its back on an agreement.
President Donald Trump exited the ambitious Trans-Pacific Partnership (TPP) almost immediately after his inauguration in January. But the other original participants have pushed forward without the U.S.
"There's enough motivation for what is now the comprehensive Pacific trade deal, but it will be really a matter of wait and see as to when and where we see that resolution from the likes of Canada," New Zealand Prime Minister Jacinda Ardern said.
Throwing a last-minute surprise at member countries last month, Canadian Prime Minister Justin Trudeau declared more work was needed on the pact — formerly known as the Trans Pacific Partnership — amid concerns about what it would mean for Canadian jobs.
Trudeau's no-show at a meeting of TPP members in Vietnam last month burst rising hopes for a deal, with many analysts blaming Ottawa for throwing the pact's future into doubt.
Ardern, who described the current negotiating process as a "bumpy period," was previously criticized herself for slowing TPP discussions.
Her almost two-months-old coalition government sought to remove so-called investor-state dispute settlements from the final agreement — an effort that proved successful. Such settlements essentially give foreign investors the right to sue governments.
Those clauses "have been problematic for a number of reasons for a number of nation states," she said, adding that her administration's position wasn't unusual — it just came up late in discussions because of New Zealand's recent general election.
"We went in with a particular view and managed to get a deal that looks a lot closer to [free trade] agreements that we've signed in the past, so that brought us an increase in comfort around the agreement," she continued.
At home, 37 year-old Ardern's recent decision to ban foreign buyers from purchasing existing homes — aimed at resolving soaring housing prices — also stirred unease. The move triggered worries about rising protectionism in New Zealand but Ardern dismissed those concerns.
"Of course, we want direct foreign investment ... but we want it in the elements of our economy that aren't overheated and that are productive." New Zealand's residential housing market doesn't offer any gains in terms of job opportunities, she added.
"We welcome investment in the productive economy," Grant Robertson, the country's finance minister, told CNBC on Friday.
Speaking in a separate interview, he highlighted that investment should go into "places that grow jobs that lift the value of the New Zealand economy, not into speculation."