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
Bank of America upgraded Intel to buy from neutral on Friday, saying the chipmaker will outperform its large-cap peers in 2019.
"Trading at just 10 times price to earnings, Intel is a compelling large-cap investment levered to multiple secular advances — cloud, artificial intelligence, 5G, autonomous cars," BofA analyst Vivek Arya said in a note Friday.
The bank sees a 2.5 percent sales growth in 2019, a deceleration from 13 percent growth in 2018 on tougher data center comparisons. However, Intel's growth rate is better than the bank's core-semiconductors forecast of 1.5 percent, Arya said.
"While the entire semiconductor sector is exposed to a cyclical slowdown, we like Intel's more attractive exposure to more stable PC, enterprise, networking, and data center markets. Global growth slowdown is a risk but product shortages in late 2018 and replacement demand from aging base of PCs helped Intel avoid excess inventory concerns seen by its peers," Arya said.
Bank of America raised its 12-month price target for Intel to $60 a share from $52. From its $44.49 Thursday close, the price target will translate into a 35 percent gain.
Shares of Intel surged more than 6 percent on Friday.