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
Low cost carrier Wizz Air said it was optimistic for the year ahead and would grow its net profit after delivering solid results on Friday, saying it was well-placed to navigate an environment of higher fuel costs.
Wizz's focus on eastern and central Europe means it is sheltered from some of the intense competition on popular Mediterranean routes to places like Spain, which has dampened the pricing outlook for the likes of EasyJet and Ryanair.
And Wizz said it could benefit as rivals withdraw capacity from the market in the face of a higher fuel price.
"We remain very optimistic for the current financial year. Higher fuel prices are supporting a stronger fare environment," Chief Executive Jozsef Varadi said.
"We expect these macro conditions to provide Wizz Air with market share opportunities as weaker carriers withdraw unprofitable capacity."
Wizz Air said it expected net profit in the range of 320-350 million euros in the current financial year, after posting net profit of 292 million euros ($325 million) in the 12 months to March 31.