An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
Advanced Micro Devices, the year's best-performing technology stock, got pummeled Monday as the entire tech sector took a nosedive.
Shares of AMD tumbled as much as 11 percent on Monday to a low of $18.80, the biggest decline among the 66 companies in the S&P 500 tech index. AMD closed down 9.5 percent, well below the Information Technology Index, which closed down 3.5 percent.
Despite the setback, AMD is still the top tech gainer of the year, rising more than 85 percent. The stock hit its peak on Sept. 13, when it traded at $34.14, and has since been on a downward spiral, dropping more than 40 percent.
AMD has benefited this year from market share gains in the computer chip market and rival Intel's struggles in delivering next-generation processors. AMD competes with Nvidia in the market for graphics chips used for gaming and cloud computing. Nvidia was the second-biggest decliner on Monday, dropping 7.8 percent.
Last month, AMD reported 4.4 percent revenue growth in the third quarter to $1.65 billion.The stock sank on a weaker-than-expected outlook for the fourth quarter.