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
Facebook is the leader of a group of companies and organizations that is building Libra. The cryptocurrency is expected to launch in the first half of next year.
The company's stock initially climbed more than 1% on Tuesday morning, before later losing steam and ending the day down 0.3% at $188.47 a share.
Wall Street analysts have been bullish on the announcement, saying the cryptocurrency could revolutionize Facebook's digital businesses. SunTrust's social media analyst wrote that Libra "has the potential of putting the company front and center in areas beyond advertising," while RBC analysts said it "may prove to be one of the most important initiatives in the history of the company."
Facebook plans to profit from Libra through its new subsidiary Calibra, which will create a digital wallet to store and exchange the cryptocurrency.
One key use Facebook touts for Calibra is cross-border payments, also known as remittances. Instead of paying banks fees to transfer money from one country to another, Calibra will allow people to transfer funds between local currencies and Libra.
Additionally, with this launch, "Facebook has its eyes set on becoming the world's leading e-commerce platform as well," analysts with Moffett Nathanson said in a note.
The e-commerce opportunity for Facebook comes through its steadily advancing users' ability to buy and sell directly on the company's platform. Libra is another step in the plan CEO Mark Zuckerberg laid out recently to expand Facebook's e-commerce offerings.
Correction: This story was revised to correct when Libra is expected to launch. It's the first half of next year.
— With reporting by Michael Bloom