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
"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
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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Apple's wireless AirPods headphones could see massive growth over the next few years, TF International Securities analyst Ming-Chi Kuo wrote in a research note released last week. It's a positive sign for Apple as it seeks new growth areas that can help the company squeeze more revenue out of each iPhone user.
Kuo, who has a track record of accurately predicting Apple product launches, said AirPods are Apple's most popular accessory ever.
In the note, Kuo said Apple AirPods have the fastest growth momentum of any Apple product. Kuo estimates Apple will ship 26 million to 28 million AirPod units this year, up from 14 million to 16 million in 2017. Kuo also expects Apple to release a new version of AirPods next year with wireless charging that will help propel shipments to 50 million to 55 million units next year, 70 million to 80 million units in 2020 and 100 million to 110 million units in 2021.
Apple does not disclose how many accessories such as AirPods and Apple Watches it sells, and lumps the revenue those products generate into its "Other Products" category.
"Over 1 billion iPhone users worldwide offer great potential growth opportunities for AirPods," Kuo said. "We believe that there is a greater likelihood of legacy iPhone users buying AirPods than upgrading to new iPhone models."
Apple's stock has taken a large hit over the last month, following a slew of reports that iPhone sales are falling below expectations. Apple also said last month that it will no longer report unit sales for the iPhone, which rattled investors. The rout caused Apple to lose its position as the largest U.S. public company by market cap to Microsoft on Friday.