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
"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
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
General Electric's latest annual update to shareholders justifies a below-consensus view on earnings and free cash flow, according to widely followed J.P. Morgan analyst Stephen Tusa.
"There were a few disclosures that we would consider material and negative to anyone building a model and doing fundamental analysis," Tusa wrote to clients. On industrial free cash flow, it's the "same result and now working capital benefits officially peak out."
The embattled industrial company released its annual report late Tuesday and went into greater detail on the state of its insurance liabilities and how its financial and industrial arms work together. But that wasn't enough to pacify some analysts, including Tusa.
The analyst gained a following on Wall Street for his work on GE after his negative call in May 2016. Tusa was the first to warn investors that shares of the one-time Dow Jones Industrial Average member were going to fall. That was back when the stock was above $30. It closed Wednesday at $10.88.
Tusa said the latest annual report has a lot of incremental disclosures that are a challenge for average investors to understand. "There are still a myriad of moving parts between and into and out of GE and GECS, a significant amount of restatement versus the 2017 10-K, and even another reclassification of cash flow from operating to investing which was $5 billion," he said.
"Lastly, the word 'adjusted' was used 113 times, two times the amount it was used in the 2017 10-K," he wrote. "So far little change and little of value around important items we had previously highlighted as key to better understanding the story."
GE's stock jumped on the day in December that J.P. Morgan upgraded the company's rating to neutral from underperform. Tusa has been critical of the idea that GE's stock should rise because of CEO Larry Culp providing more insight to the company's business.
"You don't just get an entitlement for saying 'we're going to call it what it is and we're going to operate above board,'" Tusa said Wednesday.
— CNBC's Michael Sheetz contributed reporting.