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
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
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
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
General Electric made its painful dividend cut official on Friday, with the company's board of directors authorizing the payout to be cut to just a penny a share.
GE first announced in late October it would be slashing the quarterly dividend to 1 cent a share, the second dividend cut announcement this year for the beleaguered company, which was once treasured by regular shareholders for its payout. That decision is one of the many reasons the stock is down by nearly 60 percent this year.
GE chairman and CEO Larry Culp is trying to free up cash to save the once-venerable company while acknowledging that regular investors have fled the stock because of the drastic move. GE traded above $10 a share before the cut. Even with the stock's slide, Culp said GE "would make those same decisions today, because those were the right decision to make sure the company is facing forward."
Many analysts on Wall Street have warned clients that Culp's cut may be just the beginning of a slow and difficult process.
Shares of GE closed down 4.6 percent on Friday, ending just above $7 a share. The dividend is payable on Jan. 25 to shareholders at the close of business Dec. 20.