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
Bitcoin's struggles are continuing into 2019.
The world's largest cryptocurrency dropped 9 percent on Thursday morning to a low of $3,570.29, according to industry data site CoinDesk. The sudden and sharp drop brings bitcoin's one-year losses to more than 70 percent.
Analysts did not point to any particular catalyst for Thursday's cryptocurrency dip. Mati Greenspan, senior market analyst at eToro, said clients had been asking — but there doesn't seem to be any real reason for this drop, "neither technical nor fundamental."
"The one interesting thing about this movement is that it seems to be an exact reversal of the surge that happened on Sunday afternoon," Greenspan said. "At this point, the gains made since the start of the year have now been reversed and we're back to a neutral 2019."
Bitcoin and other cryptocurrencies have failed to recover to their peaks reached around this time last year. The retail mania has certainly worn off as the entire market capitalization has dropped 85 percent in a year, according to Coinmarketcap.com.
Investors had been awaiting more institutional adoption this year, and the launch of a series of bitcoin futures. Both the Intercontinental Exchange, or ICE (parent company of the New York Stock Exchange) and the Nasdaq plan to launch bitcoin futures this year, despite the ongoing bear market.
So far, the Commodity Futures Trading Commission, which regulates bitcoin, has approved two crypto futures products — one from the Chicago Board Options Exchange and another by the Chicago Mercantile Exchange. Still, SEC Chairman Jay Clayton said in November that he needs to see better custody solutions surveillance before he would feel "comfortable" allowing a crypto exchange traded fund, or ETF, to come to market.