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
Facebook knew that it was providing inaccurate data on ad viewership for over a year before telling clients in 2016, according to an updated lawsuit filed on Tuesday. And the problem was much worse than what Facebook reported.
In September 2016, Facebook admitted the that it overestimated video ad viewing time averages by up to 60 percent to 80 percent for two years because of a calculation error. According to the lawsuit, which a group of small social media agencies and marketing consultants initially filed in a California court October 2016, Facebook wasn't sharing the whole picture.
The plaintiffs claim that Facebook inflated ad viewing time averages by 150 percent to 900 percent, much higher than reported. When Facebook discovered the issue, it stalled fixing it for more than a year while it came up with a plan to make it seem like it wasn't a big problem, the lawsuit says.
"But rather than correct the metrics immediately in January 2015 and tell advertisers, Facebook recognized that 'a 40% drop will be too significant and might hurt user trust,'" the lawsuit claims.
Facebook said it only learned of the issue in August 2016, and it fixed it before making the statement public the next month. Facebook also said it did not overcharge marketers.
In an emailed statement to CNBC, Facebook said the lawsuit is without merit and the company has filed a motion to dismiss the claims.
"Suggestions that we in any way tried to hide this issue from our partners are false," Facebook said. "We told our customers about the error when we discovered it — and updated our help center to explain the issue."
The plaintiffs are requesting compensatory, punitive damages, legal fees and other relief, but did not disclose an amount.