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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread 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
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread 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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
The number of Americans filing applications for unemployment benefits rose modestly last week, suggesting little impact on the labor market from trade tensions, which have eroded business confidence and undercut manufacturing.
Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 217,000 for the week ended August 31, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported.
Economists polled by Reuters had forecast claims would be unchanged at 215,000 in the latest week. The Labor Department said claims for California, Hawaii, Kansas, Puerto Rico and Virginia were estimated last week because of Monday's Labor Day holiday.
The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 1,500 to 216,250 last week.
Layoffs have remained low despite the year-long trade war between the United States and China, which is weighing on business investment and manufacturing and threatening the longest economic expansion in history.
The claims data has no bearing on August's employment report, which is scheduled for release on Friday. According to a Reuters survey of economists, nonfarm payrolls likely increased by 159,000 jobs last month after rising by 164,000 in July.
Job growth has slowed from an average of 223,000 per month in 2018. But the pace of employment gains remains well above the roughly 100,000 jobs needed per month to keep up with growth in the working-age population. The unemployment rate is expected to have held at 3.7% in August for a third straight month.
Labor market strength is supporting the economy, now in its 11th year of expansion, through strong consumer spending.
Thursday's claims report also showed the number of people receiving benefits after an initial week of aid dropped 39,000 to 1.66 million for the week ended Aug. 24. The four-week moving average of the so-called continuing claims fell 6,250 to 1.69 million.