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
More high school kids are smoking cigarettes as vaping surges, reversing a two-decade-long decline.
This year, 8.1 percent of high school students reported smoking cigarettes, up from 7.6 percent last year, according to federal health officials, who asked not to be named because the data haven't been publicly released. The increase is not statistically significant, but it is likely to fuel growing controversy about teen use of e-cigarettes.
Preliminary data from the Centers for Disease Control and Prevention's annual National Youth Tobacco Survey also show e-cigarette use among high school kids surging by about 77 percent, numbers so staggering that Food and Drug Administration Commissioner Scott Gottlieb is labeling youth use of e-cigarettes an "epidemic." The complete data set, which was reviewed by federal health officials, is expected to be released later this year.
Teen smoking rates have plummeted since peaking in 1997 when 36.4 percent of high school students surveyed in the CDC's Youth Risk Behavior Survey said they regularly smoked cigarettes. In 2015, the National Youth Tobacco Survey identified a slight uptick — up to 9.3 percent from 9.2 percent in 2014 — before falling again to 8 percent in 2016.
Critics have warned a surge in e-cigarette use may cause nicotine-addicted kids to migrate to conventional cigarettes. The new data suggest this may be happening.
The Rand Corp., a nonprofit research group, published a report earlier this month showing teens who vape are more likely to smoke cigarettes and are likely to increase their use of both products over time.
While e-cigarette makers say their products are designed to help adults quit smoking, vaping has become a phenomenon among teenagers.
One brand in particular, Juul, has become a target of parents, teachers and now regulators. The FDA recently conducted a surprise investigation, seizing documents related to how the company markets its products. The agency in September ordered Juul and four other e-cigarette companies to submit plans within 60 days outlining how they will curb youth use.
"I think people should interpret the fact that I and others have made such a dramatic shift from our prior position with respect to these products as representing the fact that we have seen information that is deeply disturbing and startling in terms of the rapid rise of youth use over a short period of time," Gottlieb told CNBC last month.
Correction: This story was revised to correct the dates of the survey. An estimated 8.1 percent of high school students said they used cigarettes this year, up from 7.6 percent in 2017.