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
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
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
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
The U.S. economy created 223,000 jobs in May, soaring above the 188,000 payroll growth estimate from economists surveyed by Reuters. But as always, jobs in some industries are doing better or worse.
Here are the net changes by industry for May according to the U.S. Department of Labor.
The retail trade and health services industries were among the biggest net job gainers for the month, with increases of 31,100 and 39,000 respectively. The retail industry includes jobs in clothing and apparel, food and beverage stores and gasoline stations.
Much of the employment gains in health care and education came from rises in ambulatory — or outpatient — care that includes physicians, dentists and nurses.
Professional and business services also posted a strong month, adding to their solid gains in April with 31,000 more jobs. This industry includes jobs such as lawyers, accountants, consultants, architects and engineers.
"Total nonfarm payroll employment increased by 223,000 in May, compared with an average monthly gain of 191,000 over the prior 12 months. Over the month, employment continued to trend up in several industries, including retail trade, health care, and construction," the Bureau of Labor Statistics said Friday.
"Retail trade added 31,000 jobs, with gains occurring in general merchandise stores and in building material and garden supply stores," the statement added.
The manufacturing industry added 18,000 jobs in May, with durable goods accounting for most of the change, including an increase of 6,000 jobs in machinery. Manufacturing employment has risen by 259,000 over the year, according to the Labor Department, with about three-fourths of the growth in durable goods industries.