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
Lululemon Athletica CEO Laurent Potdevin had a multi-year relationship with a female designer at the company he oversaw, and this was one of the issues that contributed to his departure, sources familiar with the situation tell CNBC.
The employee in the relationship with Potdevin resigned in 2014, after the relationship had begun. Lululemon later brought her back to work on discrete company projects as a contractor. In January 2018, it did not renew her contract. CNBC is not identifying the employee to protect her privacy.
The sportswear retailer on Monday announced Potdevin's resignation, saying he "fell short of ... standards of conduct" to respect employees and show integrity. Sources previously told CNBC that it was not one particular action that led to the resignation.
Lululemon's board has started searching for a new global CEO.
Potdevin's relationship with the designer is one of several instances in which he demonstrated a lack of leadership at Lululemon, sources tell CNBC. Former employees say he had a negative impact on the company's culture, for example, which they described as toxic.
"Any time violations of company policies or standards of conduct are brought to our attention, we take appropriate action," a spokesperson for Lululemon said.
Efforts to reach Potdevin were not successful.
Potdevin took the helm of Lululemon in 2014, as the company was facing operational challenges.
Lululemon was among the first to kick off the craze of the "athleisure" trend, but faced a rush of competitors investing the space. It was criticized for lack of innovation and struggled to keep customers willing to pay its high prices.
Meantime, several major sportswear retailers, including Sports Authority, struggled to keep up with competition from big-box retailers and Amazon.
Under Potdevin, Lululemon has sought recapture its growth by maintaining leaner inventory, focusing on selling directly to its customers and fostering a clearly defined brand. The company has recently been growing in the men's category after deciding last year to wind down its Ivivva business for kids, closing those standalone stores.
"Laurent Potdevin's surprise resignation ... may be a blessing in disguise given that Lulu's solidified brand position, scaled operations, and increasingly global footprint should attract more experienced, marquee CEO candidates compared to the last search in 2014," said Omar Saad, an analyst at Evercore ISI.
Shares of the athletic wear company closed up about 1.5 percent Tuesday, in an unusually erratic day of trading. They had fallen more than 3 percent after market close Monday on the news of Potdevin's departure.
The #MeToo movement, which has motivated men and woman to come forward with their stories of sexual harassment or impropriety, has had a growing impact on corporate America. It has led to a number of departures including NBC's Matt Lauer, SoFi's Mike Cagney and Amazon Studios chief Roy Price.
Disclosure: CNBC is a unit of NBCUniversal.