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
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
The man behind the annual gathering of elites in the Swiss mountain retreat of Davos believes the financial crisis of 2008 has done little to inspire meaningful change in the banking industry.
"Unfortunately, I have to say that we haven't learned too much," Klaus Schwab, founder of the World Economic Forum (WEF), told CNBC on Friday.
Most analysts believe the global banking system is in a much safer position than it was before Lehman Brothers collapsed 10 years ago. That's because, amid a broad push for stronger regulation, lenders have been forced to increase their capital ratios to better protect themselves from external shocks.
"We have learned how we avoid a major global breakdown, and I think all credit has to go to the cooperation of central banks. But we have postponed to a certain extent the problem or we have found a way where we give the whole mess which we have created to the next generation to solve," Schwab said.
"We should not forget that the global debt today is substantially higher than it (was) at the beginning of the financial crisis," he added.
Banking risks 'very much under control'
Almost exactly a decade ago, the failure of Lehman Brothers roiled global markets. It was the fourth-largest U.S. investment bank when it filed for bankruptcy on September 15, 2008, prompting an erosion of nearly $10 trillion in market capitalization in global equities over the following four weeks.
The collapse of Lehman unveiled that the bank had a huge problem with mortgage-backed securities — a kind of asset that was in fact worth very little compared to its price. But, more broadly, Lehman's problems were every bank's problems.
In Europe, banks that had also taken elevated risks struggled to get funding and many had to be rescued by huge bailouts from their respective governments.
"The banking industry in the world, and specifically in Europe, is in a completely different situation today," Severin Cabannes, deputy CEO of Societe Generale, told CNBC's Nancy Hungerford and Mandy Drury at the annual Singapore Summit on Friday.
"Of course, the general financial world still has some risk, but in a banking sub-segment I would say that the risk is very much under control."
— CNBC's Silvia Amaro contributed to this report.