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
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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
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor managing some of the camps along the southern border, according to a copy of the sales receipt obtained by CNBC and verified by an employee.
The merchandise is destined for Carrizo Springs, Texas, where the group is running an emergency influx shelter to house up to 1,600 unaccompanied children who have migrated across the U.S. border. The compound, about two hours southwest of San Antonio, formerly housed oil-field workers.
Baptist Child and Family Services placed the order June 13. The goods were scheduled for delivery Wednesday and Thursday, according to copies of the sales receipt below. In protest against the sale, Wayfair employees staged a walkout Wednesday afternoon at its headquarters in Boston, while some customers called for a boycott on social media.
Wayfair hasn't returned repeated requests for comment.