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
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
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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
President Donald Trump told talk show host Sean Hannity that he could imagine the economy growing at 8 or 9 percent on Friday — just hours after the Bureau of Economic Analysis showed that the GDP rose 4.1 percent in the second quarter.
The president said that the gains could come from cutting the nation's trade deficit "in half."
"If I cut it in half, right there we will pick up three or four points," Trump said during the unexpected radio show appearance. "We'd be at eight or nine" percent, he added.
"I look forward to seeing next quarter … I think the 4.1 is just a stepping stone," Trump said.
Trump's claim about reaching GDP growth of 8 or 9 percent is far higher than economists predict.
The U.S. economy has not grown at a rate close to eight percent since the 1980s. In comparison, China, an emerging economy undergoing rapid transformation, grew at a rate of 6.7 percent in the second quarter, according to official figures put out earlier this month.
Trump did not specify Friday whether he was referring to an annual or quarterly growth rate.
The president has previously established a goal of growing the nation's economy at an annual rate of 3 percent. That figure — well below the president's off-script prediction to Hannity — would be tough to meet, but achievable, economists have said.