An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
The market pullback doesn't signal a bear market, but possibly a correction coming that will chase out the speculators, according to Wharton School finance professor Jeremy Siegel.
"We just had too many momentum players," Siegel said Monday on CNBC's "Squawk on the Street." "The rally just got a little overexcited."
Higher interest rates will continue to be a challenge for the stock market this year, he added, but strong corporate profits will be a positive. Even if the market did fall 10 percent, what would be a "correction," in trader parlance, that wouldn't be a terrible thing for investors, Siegel said.
The added 32 percent from the November election through Thursday, so even a 10 percent decline "isn't a disaster."
Last week, Siegel told CNBC that investors got too bullish and "overdid" it, pushing the Dow Jones industrial average above 26,600 last month before the sell-off. In morning trading in New York on Monday the Dow shed about 83 points after falling 665 on Friday.
Siegel said Monday that the markets are fully valued. "I'd like a little correction to keep people honest," he said. But as he sees it there's "no bear market in 2018."