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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
President Donald Trump's tariffs will be "extraordinary" for business, Century Aluminum CEO Michael Bless told CNBC on Thursday.
The president signed tariffs on Thursday afternoon that slap a 25 percent levy on steel and 10 percent on aluminum. Canada and Mexico are exempt from the tariffs, which will take effect in 15 days. The U.S. will also give other nations the opportunity to justify why they shouldn't be included.
Bless told CNBC he expects Century Aluminum will be able to bring its Kentucky plant from 40 percent of capacity to 100 percent because of the tariffs.
And he's not buying critics' arguments that the tariffs will start a trade war with other nations.
"The hysteria over this so-called trade war has reached frankly above a fevered pitch. We're not exactly sure where the trade war is coming from," Bless said.
Century Aluminum makes high purity aluminum, which is a national security issue, he said. However, the beverage industry, for example, uses mostly recycled aluminum.
"This plant at full production can make more than about 1.5 times the amount of high purity metal that our DOD and commercial aerospace sector needs," he said.
"Today most of that metal is coming from places like the Persian Gulf and from Russia and a little bit from Canada. So we'll be able to supply a good portion of that when this plant is up and running at full capacity."
And that's just one part of the equation. With his peers also opening plants and hiring, the benefits will begin to flow into other areas, Bless said.
"It's a rising tide. It will be good for the entire industry. It will help support R&D in the industry, capital investment and the further competitiveness of this critical sector," he said in an interview later Thursday on "Closing Bell."