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
WeWork CEO Adam Neumann has returned about $5.9 million worth of stock that was originally paid to him to acquire the trademark "We."
In an amended S-1 filing on Wednesday, WeWork's parent company, the We Company, noted that it was unwinding the agreement "at Adam's direction." The $5.9 million was issued to Neumann after WeWork rebranded to the We Company in January.
"Subsequently, at Adam's direction, the issuance to WE Holdings LLC of the partnership interests was unwound and the partnership interests were returned to the We Company Partnership," the filing states. "The We Company continues to hold all of the assigned rights to the 'we' family trademarks."
WeWork in July adopted a complicated corporate structure, called an umbrella corporation, or Up-C. As part of the move, the We Company acquired the trademark to "We" from We Holdings LLC, an investment vehicle with Neumann and co-founder Miguel McKelvey, and in exchange received an additional stake worth about $5.9 million.
The trademark payment was cited by critics as an example of WeWork's less-than-stellar corporate governance.
The new filing also notes that WeWork appointed Frances Frei, a Harvard Business School professor and a former head of leadership and strategy at Uber, to its board. Frei represents WeWork's first female director, a change from its much-criticized all-male board of directors.
The We Company noted in the filing that it expects to name another director to its board one month after its IPO, "with a commitment to increasing the board's gender and ethnic diversity."