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
U.S. Senator Ron Wyden (D-Oregon), in an interview with Willamette Week, suggested that Mark Zuckerberg should face a prison term for lying to American citizens about Facebook's privacy lapses.
"Mark Zuckerberg has repeatedly lied to the American people about privacy," Senator Wyden said in the interview. "I think he ought to be held personally accountable, which is everything from financial fines to — and let me underline this — the possibility of a prison term. Because he hurt a lot of people. And, by the way, there is a precedent for this: In financial services, if the CEO and the executives lie about the financials, they can be held personally accountable."
An editor's note from Willamette Week cited a professor from the University of Oregon, Tim Gleason, who said "the likelihood of criminal action is rather slim." Zuckerberg has dodged shareholder questions about whether he would be willing to step down as Facebook CEO or chairman.
Senator Wyden introduced a bill in 2018, the Consumer Data Protection Act, that would give the FTC power to crack down harder on companies who violate consumer privacy. The bill says executives could face up to 20 years in prison and up to a $5 million personal fine.
In July, the U.S. Federal Trade Commission fined Facebook $5 billion, the largest ever imposed by the FTC against a tech company, after it started probing the company's privacy practices in March 2018. The FTC focused on a massive data breach that gave Cambridge Analytics access to private data from 87 million Facebook users. Facebook, the FTC said, was supposed to tell users when their data was being used by third party firms.
The SEC also announced that Facebook will pay a $100 million fine for misleading investors about the risks it faced from the misuse of user data. "For more than two years, Facebook's public disclosures presented the risk of misuse of user data as merely hypothetical when Facebook knew that a third-party developer had actually misused Facebook user data," the SEC said in July.
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