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
Investors will have a hard time finding a place to hide should the keep trading in bear market territory, if history is any indication.
A CNBC analysis using Kensho found that all 11 S&P 500 sectors average steep losses after the broad index plunges 20 percent or more in a six-month period. The analysis also shows 10 of those sectors average losses of at least 16 percent.
The financials, technology and industrials sectors all average losses of at least 30 percent in the six months after the S&P 500's drop. The consumer staples sector is the relative outperformer during these sell-offs, averaging a decline of 6.08 percent.
The S&P 500 entered Wednesday's session in a bear market, down 20.06 percent from an all-time intraday high set on Sept. 21 amid ongoing turmoil in Washington. Stocks entered bear market territory on Monday after the worst Christmas Eve sell-off in history.
President Donald Trump went after the Federal Reserve once again on Monday, calling it "the only problem our economy has" in a tweet. Trump also said the central bank does not "have a feel for the Market."
Multiple reports also surfaced last week claiming Trump was considering firing Fed Chairman Jerome Powell.
Trump's tweet and the reports of Powell's possible firing came as several parts of the federal government shut down over funding for a wall along the U.S.-Mexico border. The Trump administration says the wall is crucial to national security while opponents of the barrier claim it will not solve the country's immigration problems.
Meanwhile, Treasury Secretary Steven Mnuchin held calls with the leaders of the six largest U.S. banks in an attempt to reassure investors that the economy and financial markets were in good shape. This failed to quell investor fears, however, as the S&P 500 dropped 2.7 percent Monday.