Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread 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 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
A former software engineer at Uber Technologies filed a lawsuit on Monday against the ride-hailing service on Monday, claiming she was subjected to years of sexual harassment there and subjected to retaliation for complaining about it.
The lawsuit by Ingrid Avendano provides an early test of Uber's new policy allowing people claiming sexual harassment and sexual assault to pursue their claims in court, rather than be forced into arbitration.
"Uber is moving in a new direction," including by implementing a new salary and equity structure, overhauling performance reviews, publishing "diversity and inclusion" reports and improving training for thousands of employees, the San Francisco-based company said in a statement.
In her complaint, Avendano said that while working for Uber from Feb. 2014 to June 2017, she experienced a "male-dominated work culture, permeated with degrading, marginalizing, discriminatory, and sexually harassing conduct toward women."
Avendano said men would openly discuss who they wanted to have sex with and share explicit content in instant messaging, while some made inappropriate comments about her appearance.
But she said Uber displayed an "entrenched disregard" for female employees, including by ignoring one incident at a Las Vegas retreat when a drunken male colleague inappropriately touched her on the thigh.
Avendano said Uber retaliated against her for complaining by denying promotions and pay raises, giving her low performance reviews and subjecting her to a tough work schedule. She said her health worsened, leading to her resignation.
"For years, she wanted to help make Uber a safe and just place to work for herself and other female employees," Avendano's lawyer Jennifer Schwartz, a partner at Outten & Golden, said in a statement.
Uber changed its forced-arbitration policy on May 15, and rival Lyft announced a similar change.
Earlier Monday, the U.S. Supreme Court said companies can in employment contracts require workers to arbitrate rather than pursue class-action claims over workplace matters.
In March, Uber reached a $10 million settlement of a proposed class-action lawsuit alleging discrimination against more than 400 women and minorities. Avendano chose not to join that settlement, deciding to sue on her own.
Uber Chief Executive Dara Khosrowshahi has since his August appointment tried to improve the company's image, including by stamping out its reputation as tolerant of chauvinism.
Avendano, who is Hispanic, is seeking compensatory and punitive damages for her gender bias, racial bias, and harassment claims. She filed her lawsuit with the California Superior Court in San Francisco.
The case is Avendano v Uber Technologies Inc, California Superior Court, San Francisco County, No. CGC-18-566677.