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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
Nike's online sales have returned to the same level as before it revealed its controversial ad campaign with former San Francisco 49ers quarterback Colin Kaepernick.
The campaign had sparked an initial jump in sales, with online sales climbing 27 percent between Sunday and Wednesday of Labor Day weekend, according to Edison Trends, a digital-commerce researcher. In the same period last year, product orders fell 2 percent. Kaepernick tweeted an image from the campaign on Labor Day.
Since then, however, online sales have declined by 18 percent compared with the Tuesday peak, leveling out to the same pace as before the ad.
Its share price, meantime, has also leveled out. Earlier this week, Nike shares recouped losses jolted by fears the ad would hurt sales. The stock is up 32 percent so far this year.
The campaign, launched to celebrate 30th anniversary of Nike's slogan "Just Do it,'' sparked immediate strong responses both in support and protest. Kaepernick has been a polarizing figure in the sports universe ever since he decided not to stand for the national anthem during a 2016 NFL preseason football game to protest racial injustice.
Sales declines seems to be steeper in more conservative states. According a state-by-state breakdown of sales since the advertisement, the campaign led the biggest drop in sales in Idaho, followed by Wyoming, South Dakota, Montana and West Virginia.
The largest jumps in sales occurred in Maryland, New Jersey, Alaska, Delaware and Massachusetts. With the exception of Alaska, those states tend to be more liberal.
Nike, which is set to report quarterly earnings later this month, said the campaign will also include other athletes such as Serena Williams, LeBron James, Lacey Baker, Shaquem Griffin and Odell Beckham Jr.