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
"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
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
Media company Viacom reported quarterly revenue below Wall Street estimates on Thursday, as domestic advertising sales fell and the media company collected lower fees from cable TV operators and online distributors.
The company said worldwide affiliate revenue fell 3 percent to $1.15 billion, missing estimates of $1.16 billion, according to research and data analytics firm Factset.
Viacom, the owner of MTV, Comedy Central and Paramount Pictures, said domestic advertising revenue fell 3 percent to $922 million.
Since taking the helm in 2016, Chief Executive Officer Bob Bakish has focused on a turnaround plan, which includes improving programming at its cable TV networks and improving relations with distributors.
Paramount Pictures, which returned to profitability in the second quarter, did well in the domestic market in the reported quarter thanks to the release of "A Quiet Place," the first film under Paramount's new management team, as well as "Book Club".
Viacom and CBS, both controlled by Sumner and Shari Redstone's family company, National Amusements, are exploring a merger, but the efforts have been opposed by CBS Chief Executive Officer Leslie Moonves.
Net income attributable to Viacom fell to $522 million, or $1.29 per share, in the third quarter ended June 30, from $683 million, or $1.70 per share, a year earlier.
Total revenue fell to $3.24 billion from $3.36 billion.
On an adjusted basis, the company earned $1.18 per share.
Analysts on average had expected a profit of $1.07 per share and revenue of $3.26 billion, according to Thomson Reuters I/B/E/S.
CORRECTION: This story has been updated to show worldwide affiliate revenue fell 3 percent to $1.15 billion, missing estimates of $1.16 billion.