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
Well-known Apple analyst, TF International Securities' Ming-Chi Kuo, cut his forecast for iPhone XR shipments by 30 million units in a research note issued Monday. The iPhone XR is Apple's most affordable new iPhone and was released in October.
"We have reduced our iPhone XR shipment estimation from 100mn units to 70mn during the new product lifecycle (4Q18 - 3Q19)," Kuo said. It's a reversal from a similar report issued in October, in which Kuo said he expected the iPhone XR to be a big seller for Apple.
Kuo outlined several reasons for his lowered estimate, including "negative impacts on consumer confidence from the trade war, especially in the Chinese market." Kuo added that consumers may prefer the narrower bezels and better cameras on Apple's more expensive iPhone XS and iPhone XS phones, too. Finally, he said Huawei's new Mate 20 series phones will increase competition for the iPhone XR.
Huawei isn't a big player in the U.S., but it's one of the largest phone brands in China and throughout Asia.
Kuo still said Apple will ship 75 million to 80 million iPhone units during its fiscal fourth quarter, or Apple's Q1 2019.
"The increased shipment estimations of the iPhone XS series and legacy models can offset the XR shipment estimation cut," he said. Kuo said Apple will ship 47 million to 52 million iPhone units during the first quarter (Apple's fiscal Q2 2019), down from his original estimate of 55 to 60 million units.
Kuo said iPhone XR parts suppliers including Career and Nissha printing will be "the major losers resulting from the XR cut because these two companies cannot benefit from the increased shipment estimations of legacy models."
Shares of Apple are trading down on Monday after Lumentum, a supplier for Apple's Face ID facial recognition system, cut its outlook and said a major customer — believed to be Apple — reduced shipment requests.
Apple declined to comment.