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
As a government shutdown seems more and more imminent, investors are pondering what it will do to the stock market. If history is any guide, the answer is: nothing.
In the 20 previous shutdowns going back to 1976, stock prices have rarely moved significantly lower and in fact, they have posted a flat median return during the government closures, according to data from LPL Financial Research.
"Although shutdowns get a lot of media hype, the reality is that stocks tend to take them in stride. In fact, the S&P 500 has gained during each of the five previous shutdowns," said Ryan Detrick, LPL's senior market strategist.
The Senate on Wednesday approved funds for several federal agencies to keep them operating through Feb. 8 without the $5 billion to build a wall on the U.S.-Mexico border that President Donald Trump had demanded.
Trump has rejected the bill, and on Friday warned of a "very long" closure if lawmakers do not approve money for the wall. The stock market has had a tough week with the down about 1.5 percent on Thursday and 7 percent this week alone. But Thursday's steep sell-off had little to do with the shutdown fears, traders previously told CNBC.
Instead, the stock market's underperformance came from the Federal Reserve's decision on Wednesday to hike interest rates and let its massive balance sheet shrink at the current pace. Many market participants had hoped the central bank would slow its pace of rate hikes more quickly, and they worry the Fed is slowing the economy too fast with its balance sheet reduction.