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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
Despite growing concerns that the global economy is slowing down, Boeing sent a big message to shareholders it remains upbeat about its business. The board voted Monday to raise its quarterly dividend 20 percent to $2.05 per share in 2019.
"Boeing's strong operational performance, financial health and positive future outlook underpin our continued investments in our people and our workplace, in innovative products and services, and in select strategic acquisitions and partnerships that accelerate our growth strategy," said Boeing Chairman and CEO Dennis Muilenburg.
Additionally, the Dow component's board approved a $20 billion stock buyback plan, replacing its prior authorization.
The company's stock, which has a market capitalization of $179.5 billion, rose more than 1 percent in after-hours trading on the news. Boeing shares have gained 7 percent since the start of the year.
With Boeing delivering a record 568 commercial airplanes through the end of the third quarter this year, the company's cash flow has been exceeding expectations. As a result, many analysts had predicted the company would make a dramatic increase in its dividend.
Cai von Rumohr, the aerospace analyst for Cowen and Co., told clients in late November to expect a 12 percent to 15 percent dividend hike by Boeing. He is among those on Wall Street who believe concerns about a global slowdown hurting Boeing are overblown.
"Given visibility of a seven-year backlog and still-solid traffic growth, it would take a sharp economic slowdown to disrupt the favorable current production outlook," von Rumohr wrote in a research note backing his bullish outlook.
Boeing's dividend increase comes as the company has ramped up production of its most popular model, the 737. The company's monthly production of 737's has gone from 47 last year to its current rate of 52 and is expected to climb to 57 by the end of next year.
The production increase comes even as the Boeing continues to deal with fall-out from the crash of a Lion Air 737 Max in late October. Investigators have yet to determine an official determination of what caused the plane carrying 189 passengers to plunge into the Java Sea shortly after take-off from Jakarta. The initial investigation has raised questions about whether or not the plane's sensors and software malfunctioned, causing the 737 MAX to crash into the water.
—CNBC's Meghan Reeder contributed to this report.