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
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 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
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
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
A U.S. federal appeals court on Friday revived a lawsuit claiming President Donald Trump violated the U.S. Constitution by profiting from foreign and domestic officials who patronized his hotels and restaurants, adding to the corruption claims against Trump.
The New York-based 2nd U.S. Circuit Court of Appeals set aside a lower court ruling that had thrown out the case because the people who sued could not prove they were harmed by Trump's actions and his role as president.
The lawsuit, initially filed by plaintiffs including the watchdog group Citizens for Responsibility and Ethics in Washington, accused the Republican president of failing to disentangle himself from his hotels and other businesses, making him vulnerable to inducements by officials seeking to curry favor.
The case alleged violation of the U.S. Constitution's anti-corruption "emoluments" provisions, which ban the president from accepting gifts or payments from foreign governments without congressional consent.
The Justice Department, which is defending Trump in the case, could appeal to the U.S. Supreme Court.
A Justice Department spokeswoman did not immediately respond to a request for comment.
Trump, a wealthy real estate developer who as president regularly visits his own hotels, resorts and golf clubs, maintains ownership of his businesses but has ceded day-to-day control to his sons. Critics have said that is not a sufficient safeguard.
Friday's ruling comes in a lawsuit filed days after Trump took office in January 2017. The plaintiffs included a New York hotel owner, an events booker in Washington and a restaurant trade group that allege lost patronage, wages and commissions from clients who now prefer Trump's businesses over theirs because of the ability to gain the president's favor.
The plaintiffs cite examples of foreign government entities, including the Embassy of Kuwait and a delegation from Malaysia, choosing Trump's properties, such as the Trump International Hotel in Washington, over other venues.
The Justice Department had urged the appeals court to bury what it called a "manufactured lawsuit" because the plaintiffs cannot show that the harms they incurred can be traced to Trump's financial interest in his businesses rather than other reasons.