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
"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
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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Facebook Chief Executive Mark Zuckerberg's meeting with European lawmakers in Brussels on Tuesday has been criticized by political representatives for being too short and providing "no answers."
Zuckerberg's appearance in the European Parliament was facilitated by Antonio Tajani, the parliament's president, and consisted of around an hour of questions and less than 10 minutes of answers.
"I was really not satisfied with the hearing yesterday because Zuckerberg gave no answers whatsoever," Ska Keller, co-head of the Greens-European Free Alliance group in the European Parliament, told CNBC in a phone interview Tuesday.
"That was facilitated by the format, that there was no possibility to ask follow-up questions so that was definitely a very big problem created by the parliament's president. But still, Zuckerberg could at least have answered some questions more precisely. But he really didn't and was just repeating what he said in his opening statement, so really nothing new."
CNBC understands that the format of the meeting was requested by Tajani.
"The meeting format was decided by the Conference of Presidents," Tajani said in an emailed statement to CNBC. "It also asked to have a meeting with Zuckerberg and a hearing with a senior Facebook executive and other digital platform managers in the civil liberties committee."
Politicians in the U.S. and Europe are seeking answers from Facebook after it was revealed that the data of tens of millions may have been improperly shared with political data firm Cambridge Analytica. Cambridge Analytica briefly worked for President Donald Trump's 2016 election campaign. Concerns have been raised over whether targeted advertising techniques and the use of Facebook data may have played a role in swaying elections.
Facebook has admitted that 87 million users' data may have been shared with Cambridge Analytica, and that 2.7 million of those users were Europeans.
Zuckerberg was questioned by U.S. lawmakers on Capitol Hill last month. At times, he was unable to answer questions from politicians, saying instead that his team would follow-up with them afterwards.
Zuckerberg echoed that message to lawmakers who pressed him for answers at the end of Tuesday's session.
Jan Albrecht, member of the Greens-European Free Alliance group, insisted that the CEO address whether Facebook would commit to stopping data sharing between Facebook and messaging service Whatsapp, which the social network acquired four years ago. Zuckerberg did not answer Albrecht, but subsequently agreed to follow up on unanswered queries in writing.
"The format of the meeting was a farce, not allowing for any back and forth between Zuckerberg and the members of parliament," Udo Bullmann, chair of the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament, said in a statement following the hearing. "What this meeting made clear is that 75 minutes in a small and exclusive circle is not enough to shed light on the biggest data scandal in recent history."
Bullmann called for another meeting between Zuckerberg and European parliamentarians for a more in-depth analysis of Facebook's handling of data and the sharing of data with Cambridge Analytica.
Guy Verhofsadt, president of the Alliance of Liberals and Democrats for Europe group in the European Parliament, said the format of the meeting and Zuckerberg's responses to lawmakers' questions were "totally inadequate."
He said in a statement after the meeting that it "may be time to break up this monopoly to protect the privacy of our citizens," and alluded to the breakup of monopolies like Standard Oil and the Bell System.
"Fundamental questions regarding the abuse of EU citizen's data remain unanswered and compensation for those who have had their data misused must be forthcoming."
French President Emmanuel Macron is set to meet with Zuckerberg in Paris on Wednesday, alongside IBM CEO Ginni Rometty, Uber CEO Dara Khosrowshahi and Microsoft CEO Satya Nadella. Zuckerberg will also be speaking at the Viva Technology conference in the French capital on Friday.