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 sector this year, spiked on 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
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 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
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
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread 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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The U.S. is considering a requirement that next-generation 5G cellular technology for domestic use be made outside of China, the Wall Street Journal reported on Sunday, citing sources.
The shift could force telecom giants like Nokia and Ericsson to move production outside of China in order to continue providing equipment to the U.S., the world's largest market for telecom equipment and services, the Journal said.
President Donald Trump on May 15 declared a national emergency over threats on U.S. technology and blocked transactions that involve technology that "poses an unacceptable risk to the national security of the United States."
The administration then essentially banned Chinese telecom giant Huawei Technologies from the U.S. amid concerns about that Huawei's equipment and phones can be used to spy over wireless networks, which the Chinese company has repeatedly denied.
The move to require equipment be made outside of China would come at a time of heightened trade tensions between the two countries.
Under the 150-day review of the supply chain called for in Trump's executive order, the U.S. government will ask telecom companies if they can develop hardware like routers and switches, and software outside of China, the Journal said, citing people familiar with the matter.
The Journal said the conversations are in "early" and "informal" stages.
The Wall Street Journal's story can be found here.