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
"We have no intention of doing it today," Shake Shack CEO Randy Garutti told CNBC's "Squawk Box" on Friday. "We want to watch and see how this plays out."
Beyond's stock fell 5% in morning trading Friday, while Shake Shack's is up less than 1%. The burger chain's stock is down 2% over the last year, but shares of Beyond have soared 57% since its initial public offering at the beginning of May.
Garutti said he was "fascinated" by the early sales numbers released by restaurants that have already tried it, but he wants to see if those numbers continue. His stance on the plant-based meat craze echoes that of McDonald's and other restaurant chains that have held out on adding vegan alternatives from Beyond or its rival Impossible Foods.
Burger King, Carl's Jr. and A&W Restaurants have jumped on the trend. Traffic to Burger King test locations for its plant-based Impossible Whopper outperformed the chain's national foot traffic average by 18.5% in April, according to a report from inMarket inSights.
"Shake Shack was built on doing classic things better than other people did them, so let's watch a little bit," Garutti said.
Shake Shack already has a vegetarian option on its menu: the 'Shroom Burger, a deep-fried cheese-stuffed portobello mushroom patty. The chain also tested a more traditional veggie burger on its menu last year.
Despite the burger chain's reluctance to add Beyond Meat's products, Garutti said the two companies have a good relationship. Beyond has visited Shake Shack's test kitchen.