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
The social media giant and the online payment service — "a match made in heaven" — could collaborate further in applications such as WhatsApp, Instagram and Facebook Marketplace, the analysts said in a note on Thursday.
"We roughly estimate that possible WhatsApp and Instagram partnerships could bring 40 to 60 million new users to PayPal's network each, and the Marketplace partnership could generate on the order of about $1.5 billion of incremental revenue for PayPal," Lisa Ellis and Michael Nathanson said in the note.
"It is quite likely that Facebook and PayPal announce a significant expansion of their partnership sometime in the coming months," the analysts wrote. "Arguably, they need each other now more than ever."
Shares of Facebook were up 0.35 percent and PayPal rose by 1.23 percent at Thursday's close. MoffettNathanson set its price target for Facebook at $165 and PayPal at $100. The targets imply gains of 14 percent and 15.6 percent, respectively, from Wednesday's closing price.
The partnership started in 2016 to enable customers to link their accounts and use PayPal to shop on Facebook Messenger. In October 2017, they expanded the partnership by allowing Messenger users to send and request money directly in the app via their PayPal accounts. The relationship has been positive for both companies, bringing in new users for PayPal and boosting Facebook's e-commerce business.
MoffettNathanson predicted PayPal could generate millions more new users by powering payments in WhatsApp in the near future.
"Even if only 5 percent of the 1.3 billion WhatsApp users are converted, PayPal would capture 65 million new users – a 28 percent growth in its base," MoffettNathanson said.
Other collaboration opportunities could come from enabling Instagram users to buy items they see on their feeds without leaving the app and expanding their partnership in Facebook Marketplace, the analysts noted.