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
U.S. worker productivity unexpectedly fell in the fourth quarter, the first decline since early 2016 and an indication that it be difficult to boost annual economic growth to 3 percent on a sustainable basis.
The Labor Department said on Thursday nonfarm productivity, which measures hourly output per worker, fell at a 0.1 percent annualized rate in the October-December period. That was the first drop and weakest performance since the first quarter of 2016.
Third-quarter productivity was revised to show it rising at a pace of 2.7 percent instead of the previously reported 3.0 percent rate. Compared to the fourth quarter of 2016, productivity increased at a rate of 1.1 percent.
Economists polled by Reuters had forecast productivity rising at a 1.0 percent pace in the fourth quarter.
Productivity increased 1.2 percent in the 2017, the strongest performance since 2015, after dipping 0.1 percent in 2016.
Economists blame soft productivity on a shortage of workers, which could be an obstacle to faster economic growth. The Trump administration has slashed income taxes as it seeks to lift annual economic growth to 3.0 percent.
Other economists also argue that low capital expenditures, which they say has resulted in a sharp drop in the capital-to-labor ratio, is holding down productivity.
There is cautious optimism that the sharp reduction in the corporate income tax rate to 21 percent from 35 percent will boost capital expenditures. Annual economic growth has not surpassed 3.0 percent since 2005. Gross domestic product expanded 2.3 percent in 2017.
Hours worked increased at a rate of 3.3 percent in the fourth quarter, the fastest in three years, after rising at a 1.2 percent pace in the third quarter. Unit labor costs, the price of labor per single unit of output, rose at a pace of 2.0 percent pace in the final three months of 2017 after slipping at a rate of 0.1 percent in the third quarter.
Compared to the fourth quarter of 2016, unit labor costs rose at a rate of 1.3 percent. They gained 0.2 percent in 2017, the smallest increase since 2010, after rising 1.1 percent in 2016.