Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field 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
Nike pulled sneakers embellished with the controversial "Betsy Ross flag" from its apps and website. But on Tuesday morning, you could still get your hands on them for a pretty penny on StockX — at least before the auction platform stopped selling them, too.
StockX CEO Scott Cutler said on his Twitter account Tuesday afternoon that the Air Max 1 USA was being pulled as "the sale of this product on our platform does not align with our value system."
The red-white-and-blue sneakers, shipped to retailers in preparation for a Fourth of July-week launch, were originally priced at $120, according to StockX's website. By Tuesday morning, a pair was fetching as much as $2,500 on StockX, when they couldn't be found elsewhere.
Nike pulled the sneakers featuring an early American flag on the heel after former National Football League player Colin Kaepernick, a Nike endorser, told the company it shouldn't sell a shoe that he and others consider offensive, The Wall Street Journal reported Monday evening, citing people familiar with the matter.
The Journal reported that Kaepernick contacted Nike officials saying he and others felt the flag — featuring 13 stars in a circle — is an offensive symbol because it is linked to a period of slavery. Others have said the flag has been adopted by some extremist groups.
"Nike has chosen not to release the Air Max 1 Quick Strike Fourth of July as it featured an old version of the American flag," a Nike spokeswoman told CNBC.
Items such as shoes and watches are sold on StockX either at the seller's asking price or at the highest bidding offer. As of 9:20 a.m. ET, 66 pairs of the Air Max 1 USA had been sold on StockX, the website said. Multiple pairs in various sizes were selling for more than $1,000.
StockX's website says its "experts authenticate every product sold on StockX" and items are shipped within two business days. The Air Max 1 USA product started to appear on the auction platform ahead of the shoe's scheduled release to the public.
Nike shares were down about 1% Tuesday afternoon and have rallied 14% this year, bringing the retailer's market cap to about $133 billion.