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
Manhattan-based federal prosecutors are investigating whether some of the $107 million in donations to then President-elect Donald Trump's inaugural committee were misspent, The Wall Street Journal reported Thursday.
The Journal, citing people familiar with the matter, said the investigation arose in part from the slew of materials seized in April raids on Trump's former personal lawyer, Michael Cohen, by federal prosecutors. Cohen on Wednesday was sentenced to three years in prison on charges that came in part from those April raids on his office and residence.
The criminal probe is also looking into whether some of the committee's top spenders traded money for access to the incoming Trump administration, as well as "policy concessions or to influence official administration positions," sources told the Journal.
"Giving money in exchange for political favors could run afoul of federal corruption laws," the newspaper explained. "Diverting funds from the organization, which was registered as a nonprofit, could also violate federal law."
Federal prosecutors have reportedly also questioned Richard Gates — the ex-partner of onetime Trump campaign chairman Paul Manafort — who pleaded guilty in February to conspiracy and lying charges lodged by special counsel Robert Mueller.
Gates, who has cooperated with investigators in Mueller's probe of Russian interference during the 2016 U.S. election, served as deputy chairman of Trump's inaugural committee.
The White House had no immediate comment on the report. A spokesman for the U.S. Attorney's Office in Manhattan declined CNBC's request for comment.