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
"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
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
The U.S. dollar firmed against the euro on Tuesday but held in its tight recent range before the European Central Bank on Thursday is expected to cut interest rates deeper into negative territory and possibly restart asset purchases.
Investors are weighing whether further monetary stimulus will be effective in countering economic weakness in the euro zone, and whether the ECB will disappoint dovish expectations baked into the market. People are waiting on the ECB, thats really the big event this week, said Erik Nelson, a currency strategist at Wells Fargo in New York. But, given some of the pushback weve seen from the hawks on the board, we could easily see a disappointing outcome.
ECB policymakers are leaning toward a stimulus package that includes a rate cut, a beefed-up pledge to keep rates low for longer and compensation for banks over the side effects of negative rates, five sources familiar with the discussion said last week. Many also favor restarting asset buys, but opposition from some northern European countries is complicating this issue.
The dollar was last up 0.04% against the single currency at $1.1041. It has traded in a tight range between $1.1014 and $1.1084 for four days.
The euro got a temporary boost on Monday on a Reuters report that Germany is considering the creation of a "shadow budget" that would enable Berlin to boost public investment beyond the restrictions of constitutionally enshrined debt rules.
Germany can counter a possible economic crisis by injecting "many, many billions of euros" into the economy, Finance Minister Olaf Scholz said on Tuesday, signaling his readiness for a big stimulus package if the economy tips into recession.
The Japanese yen weakened to its lowest level against the greenback since Aug. 2 after Reuters reported that Bank of Japan policymakers are more open to discussing the possibility of expanding stimulus at their board meeting on Sept. 18-19 as the fallout from the U.S.-China trade war spreads.
Demand for the safe-haven currency has also dropped since China and the United States on Thursday agreed to hold high-level talks in early October, boosting risk sentiment.
In the United States, consumer price inflation data on Thursday and retail sales data on Friday are the main economic focus. They will follow a jobs report on Friday that showed U.S. jobs growth slowed more than expected in August. The Federal Reserve is expected to cut rates when it meets on Sept. 17-18.