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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread 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
Entertainment company Ticketmaster has been secretly setting up deals with scalpers even while publicly criticizing the practice, according to a new report from Canadian media groups The Star and Canadian Broadcast Company.
Ticketmaster essentially has a monopoly on the sale of tickets to all kinds of events, including sports, music and theater in North America and the United Kingdom.
The company has been deeply critical of scalpers — people or businesses who buy tickets and then resell them at higher prices for a profit. It limits the number of tickets per purchase to prevent scalpers from buying up large chunks of tickets for resale. It has even called for laws against the practice, the report said.
Yet reporters from the Star and CBC discovered that Ticketmaster is secretly cultivating a secondary industry with scalpers, in violation of its own rules.
The company uses software called Trade Desk, which allows resellers to buy tickets from Ticketmaster and then instantly post them to resale websites. Ticketmaster earns two commissions in the process, when the tickets are initially purchased and once they are resold on verified resale websites like StubHub or Vivid Seats.
University of Toronto business professor Richard Powers called the practice unethical and said it should be outlawed.
Ticketmaster parent Live Nation was not immediately available for comment to CNBC, but spokesperson Catherine Martin told the Star the law of supply and demand makes a secondary market in ticket selling inevitable.
"As the world's leading ticketing platform … we believe it is our job to offer a marketplace that provides a safe and fair place for fans to shop, buy and sell tickets in both the primary and secondary markets," she said.