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
Shares of Hawaiian Airlines' parent tumbled Thursday after Southwest Airlines said it plans to offer service from California and fly between the Hawaiian islands.
Southwest last fall said it planned to start serving Hawaii this year. On Thursday it said it plans to fly from Oakland, San Diego, Sacramento and San Jose, California, pending regulatory approvals for it to fly long distances over the Pacific.
Hawaiian Holdings shares lost 6.5 percent to close at $38.25 after Southwest's announcement. Southwest shares ended little changed.
Hawaiian Airlines CEO Peter Ingram said in a statement to CNBC that the airline "is not afraid of competition."
Southwest's presence tends to stir fears about lower airfares. In what's been dubbed the "Southwest Effect," in markets where the airline has nonstop service its fares are $45 lower than in cities without those routes, a University of Virginia study found.
Last week, Southwest announced it would serve four airports in Hawaii — Honolulu, Lihue Airport, Kona International Airport and Kahului Airport — and on Thursday said it could also offer flights between the islands.
Inter-island flying is "a market that has little competition, if any. We think it's very highly priced," Southwest President Tom Nealon told local news channel Hawaii News Now, adding that the airline plans to offer "low fares."
A round-trip ticket from Honolulu to Kona in mid-May on Hawaiian Airlines starts at about $185, according to the airline's website.
Hawaiian Airlines' CEO Ingram took issue with Nealon's comment about high-priced fares, calling it "curious" because some of Hawaiian's last-minute fares were less than Southwest's on a route of similar length, between Austin and Houston. The markets are vastly different and major Texas cities attract more business travelers.
Southwest isn't the only airline adding service to Hawaii. American Airlines on Wednesday said it plans to offer winter flights from Chicago to Honolulu.
Tourism to Hawaii is booming. The state took in a record 9.4 million visitors last year, up from 8.9 million in 2016, according to the Hawaii Tourism Authority.
Southwest is grappling with a decline in bookings following a midair engine failure on one of its flights last month. A passenger was partially sucked out of a blown-out window after a fan blade broke loose from one of the Boeing 737-700's engines. The passenger died, marking Southwest's first accident-related passenger fatality in its 47 years of flying.