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
Shares of Nvidia and Swedish automaker Volvo rose for their third straight day Thursday after the companies announced a deal that will use Nvidia's autonomous driving platform to build self-driving vehicles.
U.S.-traded shares of Volvo and Nvidia's stock have both jumped by about 7% since the announcement early Tuesday of plans to use Nvidia's artificial intelligence for commercial vehicles, specifically public transportation, freight transport, refuse and recycling, construction, mining and forestry. Volvo is the world's second-biggest truck-maker.
Nvidia has been expanding aggressively into autonomous driving with new partnerships over the last two years with major automakers, including Toyota, Audi and Daimler. The deal with Volvo, the world's second-largest truck maker, helps Nvidia close ranks with Intel's Mobileye. Israeli tech company Mobileye has partnered with more than 25 automakers across the world on its advanced driver assist systems technology, which is used in semi-autonomous cars.
"Automation is a key technology area for the Volvo Group," said Lars Stenqvist, Volvo Group's Chief Technology Officer, in a statement. "With this partnership we will further increase our speed of development and strengthen our long-term capabilities and assets within automation, to the benefit of our customers in different segments and markets."
Wall Street analysts say the chip company's surge is more a byproduct of a good market and an easing of trade tensions between the U.S. and China.
"I think that the stock's room to grow is already reflected in its price," said David Wong, an analyst at Instinet Research.
Volvo plans on putting the technology to work later this year, using seven Volvo FH16 autonomous trucks to transport limestone for Norway's Broennoey Kalk from a mine to a nearby port, Volvo's autonomous solutions director Sasko Cuklev said in the statement.