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
Greenlight Capital president David Einhorn tweeted Friday he got the pairs of short shorts that fellow billionaire Elon Musk promised him last week.
"I want to thank @elonmusk for the shorts. He is a man of his word!" Einhorn said in a tweet.
Einhorn added a tongue-in-cheek comment that the shorts "did come with some manufacturing defects," he said.
Musk did not confirm on Twitter that it was him who sent the shorts.
UPDATE: CNBC learned that apparel maker Chubbies were the ones who sent the shorts to Einhorn. The San Francisco-based online clothing brand offers a host of loudly-colored short designs, with most keeping to a very short 5.5-inch inseam.
Kyle Hency, one of the founders of Chubbies, told CNBC that Musk did not ask them to send the shorts, but they would continue to send them to his short-selling foes if the Tesla CEO wants.
Musk responded to the revelation that it was Chubbies with a laughing face emoji, saying, "awesome."
The briefs battle royale began after Einhorn's hedge fund said in a letter he was "happy that his Model S lease ended" and was replacing the car because of problems with the technology.
Tesla CEO Elon Musk seized the opportunity on Twitter, retorting that he would send Einhorn "a box of short shorts to comfort him through this difficult time."
"Tragic," Musk said in a tweet.
In the letter, Einhorn questioned Tesla investors, saying shareholders seemed to be backing the long-term growth of the company while Tesla appears to be focusing on "very short-term goals." Musk has been active on Twitter this year, fighting back against investors betting against his stock and other detractors, often with controversial comments.
Einhorn holds a short position on Tesla shares through his hedge fund but it has cost him heavily this year: Greenlight's fund dropped 18.3 percent in the first half of this year, with Tesla being the second-largest contributor to those losses in the most recent quarter.
Einhorn revealed the losses to his investors in Greenlight's letter while questioning Tesla investors, saying shareholders seemed to be backing the long-term growth of the company while Tesla appears to be focusing on "very short-term goals."
"We wonder whether surge production techniques to support self-congratulatory tweets are economically efficient ways of ramping production, or whether customers will be happy with the quality of a car rush through production to prove a point to short sellers," the letter said.
"The most striking feature of the quarter is that Elon Musk appears erratic and desperate," Einhorn's letter added.