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
Amazon's nascent ad business is creeping up on the giants of online advertising, and is on track to book close to $10 billion a year in annualized sales.
The company reported $2.5 billion in sales in its "Other" category in Q3. The number marks a 122 percent increase year over year and is an increase of $301 million from last quarter.
The accelerating growth of Amazon's advertising business poses a threat to entrenched digital ad platforms Google and Facebook. Some advertisers have already opted to move over half of their budgets from Google search to Amazon ads, CNBC previously reported. Back in March, eMarketer predicted Amazon was on track to become the third largest advertising player by 2020.
Amazon's ad service is appealing to brands who want to connect their ad dollars to direct customer action. A Survata study published in December said 49 percent of customer product searches start on Amazon.
While Amazon's ad business is growing fast, it still has a long way to go to catch the leaders. By way of comparison, Alphabet reported advertising revenues of $28.95 billion in the third quarter, a 20.3 percent increase from a year ago.