An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
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OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
Tesla Chief Executive Elon Musk told the electric car company that he plans to purchase $20 million of common stock during the next open trading window, according to a filing related to the CEO's settlement with the Securities and Exchange Commission.
"Separate and apart from the settlement, Elon has notified Tesla that he intends to purchase from Tesla, and Tesla expects that it will issue and sell to Elon, $20 million of Tesla's common stock during the next open trading window at the then-current market price," the filing read.
Tesla shares fell 1 percent Wednesday morning following the filing. Musk is the largest shareholder in Tesla, holding more than $9 billion worth of the stock or more than 33 million shares before Wednesday's announcement. The CEO bought $24 million worth of Tesla in June and $9.9 million in May, according to InsiderScore.com.
Tesla shares are down 10 percent in 2018.
The 8-K filing also detailed Tesla and Musk's settlement with the SEC. A judge approved the settlement with the SEC on Tuesday over allegations that Musk committed fraud when he tweeted earlier in the year that he had secured necessary funding to take the automaker private.
The deal, viewed as a positive development for embattled Palo Alto, California-based Tesla, requires Musk to pay a $20 million fine and step down as Tesla chairman for a period of at least three years. The company is also obligated to monitor the CEO's statements to the public concerning the company on Twitter, blog posts or any other medium.
The company will also appoint two additional independent directors to the board within 90 days of the filing of the settlement documents.
Musk tweeted in August that he was debating taking Tesla private, telling his followers on Twitter, "Funding secured." The tweet sparked a scandal for Tesla and sent shares through a bout of volatility for weeks.
Following the ensuring firestorm, Musk later said conversations with the Saudi sovereign wealth fund left him confident funding was assured at his proposed price of $420 per share. The SEC sued Musk on Sept. 27 for securities fraud.