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
Shares of technology giants have fallen out of favor with fund managers, replaced by bets on the U.S. dollar as the most crowded trade.
The so-called "FAANG + BAT" stocks, including Facebook, Amazon, Apple, Netflix, Google's Alphabet, along with Baidu, Alibaba, Tencent, had been the most crowded trade since February, according to the latest monthly Bank of America Merrill Lynch Fund Manager Survey. But now, the dollar has become fund managers' number one trade.
Over the past three months, Apple shares have plunged more than 20 percent, while Facebook shares have fallen 13 percent. Amazon shares also have fallen since the company reached a $1 trillion valuation earlier this year. Shares of the e-commerce giant are down 22 percent in the last three months, bringing the company's valuation back down to $744 billion, but share prices are still up more than 30 percent in 2018.
The greenback, in the meantime, has strengthened on the back of solid U.S. data including strong consumer spending. The safe-haven buying amid the recent stock rout and increased volatility has also pushed the dollar higher. It reached an 18-month high last week.
FAANG is still the second most-crowded trade, followed by bets against emerging markets, the survey showed.
The survey took place from Dec. 7 to 13. It included responses from 243 investors who collectively have nearly $700 billion under management.
Bank of America Merrill Lynch also released it survey of fund managers on Tuesday. It found that investors are fleeing stocks and buying bonds in record numbers amid the global sell-off in equities.