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 sector this year, spiked on 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
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
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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Wild swings in the stock market this week rattled investors, who pulled $3.5 billion from U.S. equity funds and fled to the safety of government debt.
Funds that invest in U.S. stocks saw the outflows for the week ending Wednesday, the largest exodus since the week ending Oct. 17, when $14.8 billion was withdrawn amid a deep equity sell-off, according to data from EPFR Global.
Stocks turned sour on fears of an economic downturn signaled by the bond market and ongoing U.S. trade tensions with China. They deepened on Tuesday, after President Donald Trump declared himself "a Tariff Man." U.S. talks with China on trade were further complicated by the arrest announced Wednesday of a top executive of Chinese tech firm Huawei apparently in connection with alleged violations of U.S. sanctions against Iran.
At the same time, investors added $1.5 billion to Treasury funds as elevated stock market volatility fueled demand for safe-haven government debt.
U.S. corporate bond funds also took a hit during the roller-coaster ride in the markets, with $1.9 billion of outflows in the week ending Wednesday.
Wall Street is poised to end the wild week with more bleeding. Stocks dropped sharply on Friday, with the Dow Jones Industrial Average falling more than 300 points by early afternoon, while the S&P 500 pulled back 1.2 percent. The Nasdaq Composite dropped 1.8 percent.