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
Holding an early Thanksgiving dinner, or even lunch, this year? Then Walmart wants you to head to its stores to party before you shop.
The retailer said it will hold events in stores on Nov. 22, Thanksgiving Day, from 4 p.m. to 6 p.m. with free coffee and cookies. As it did last year, Walmart will officially kick off Black Friday deals in stores at 6 p.m. that Thursday. Online, Walmart will be rolling out Black Friday deals at 10 p.m. ET on Nov. 21, earlier than it's ever done before.
"We're trying to allow folks on the East Coast to shop a little earlier," Steve Bratspies, chief merchandising officer of Walmart U.S., said on a call with members of the media. "Whether [people] go online or in stores, we're agnostic to that."
Walmart has already said it's expecting its best holiday season ever and will have new technology in stores, such as maps and mobile checkout, to help shoppers have a painless experience and speed through stores.
Still, the battle for shoppers' dollars online continues between Walmart and its biggest rival, Amazon. The e-commerce company said this week it will offer free shipping to all customers — not just Prime customers — for a limited time during the holiday season. Walmart continues to offer free, two-day shipping for orders more than $35. Target on Nov. 1 removed its threshold and now is offering free, two-day shipping on all digital purchases through Dec. 22.
Walmart hopes that deep discounts on kids' bikes, wireless headphones, iPhones and Google Home devices will lure shoppers to stores. On its website, it will have 18 unique Black Friday deals live as early as midnight Thursday — including a Sharp 55-inch Class 4K Ultra HD HDR Smart LED TV on sale for $299 and a Farberware Oil-Less Fryer on sale for $39.
The average American household is expected to spend $1,536 through the holidays, according to a survey by Deloitte of more than 4,000 consumers during September. That represents a 25 percent increase from a year ago. Many retailers are optimistic about their 2018 performance thanks to strong consumer confidence in the U.S. and low unemployment that's giving shoppers the ability to spend more.
Forty-four percent of people say they'll rely on Black Friday to start shopping this holiday season, while 53 percent are holding out to shop until Cyber Monday, Deloitte found in the same survey.
"Although the rate of online sales growth is accelerating faster than that of physical stores, retailers should put resources behind both to be relevant," said Rod Sides, head of Deloitte's U.S. retail and distribution team. "Online convenience is a way of life for most people, but what a person buys is still influenced by what happens in the store."
Walmart is set to report quarterly earnings before the bell next Thursday.