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
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
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
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread 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
Home Depot CEO Craig Menear said the company aims to minimize the impact that potential tariffs will have on prices by cutting costs elsewhere along its supply chain.
The company makes 70% of its goods domestically, which also lessens the effect, Menear said in an interview Monday on CNBC's "Squawk on the Street."
"Some of it has to get passed through," he said, but added that it was too early to know exactly where the impact would land.
"There's always ways — when you look at the entire value chain between the supplier all the way through our operations — ... to be able to offset these costs," he said.
In May, Home Depot said it expected adjusted earnings per share to rise 3.1% to $10.03 per share, with a 5% increase in same-store sales and a 3.3% increase in revenue.
For the second quarter, analysts surveyed by Refinitiv estimate the company will earn $3.09 per share on $31 billion in revenue.
Menear also said the recent drop in the price of lumber continues to put pressure on the home improvement retailer, but that demand has picked up with the improving summer weather. He said the company's professional contractors are busy and booked whenever he calls the stores.
Consumers are also spending more on remodeling and home maintenance as the nation's housing supply ages, he said, adding that 52% of the housing stock in the U.S. is 40 years or older.
Menear also indicated that Lowe's has been and will continue to be a good competitor, and that their addition of a new CEO doesn't change that.
"We are looking forward to a great finish to the year," he said.
Home Depot's shares have risen by more than 20% so far this year, giving it a market value of about $230 billion as of Friday's closing price of $209.39 a share. Its shares were down 1.9% in intraday trading Monday.