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
Walmart is set to assert "worldwide dominance" and become one of "Amazon's worst nightmares," according to one analyst.
On Tuesday, the U.S. retail giant beat consensus expectations for its fourth quarter on same-store sales, revenue and earnings per share.
Walmart's e-commerce sales rose 43 percent during the period and for 2019 it's calling for internet sales to be up another 35 percent.
In comments made prior to Walmart's stellar beat, Burt Flickinger, managing director of Strategic Resource Group, said Walmart was set to, "expand their worldwide dominance in online retail and start in these next two years to become one of Amazon's worst nightmares."
Flickinger told CNBC Tuesday that Walmart's path to success has been laid after poaching the best and brightest staff from Amazon.
The analyst picked out Marc Lore, who used to work for Amazon before leaving to eventually run all of Walmart's U.S. e-commerce operations, and David Criscione, who developed the "Amazon Go" format before switching to Walmart in 2016.
Flickinger added that after talking to vendors through to shoppers it was clear that Walmart.com was gaining ground while Amazon was "slowing down and going sideways."
The analyst confirmed to CNBC that he has been a long term shareholder in both Amazon and Walmart.
A spokesperson for Amazon declined to comment when contacted by CNBC.