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
At around 2:00 p.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.054%, while the yield on the 2-year Treasury note rose to 1.894%.
Market participants are likely to closely monitor a flurry of speeches from policymakers at the U.S. central bank, with Fed Chair Jerome Powell, Vice Chair Randal Quarles and Atlanta Fed President Raphael Bostic all set to comment on the world's largest economy.
Investors have rushed to scale back Fed rate cut expectations following unexpectedly strong gains in U.S. jobs in June.
The Treasury Department auctioned nearly $38 billion in 3-year notes at a high yield of 1.857%. The bid-to-cover ratio, an indicator of demand, was 2.39. Indirect bidders, which include major central banks, were awarded 48.5%. Direct bidders, which includes domestic money managers, bought 17.9%.