Oil prices jumped on Monday after attacks on crude facilities in Saudi Arabia sliced the kingdom's production in half and sparked worries over the impact of an oil shock on economic growth, halting a positive run in world stock markets as investors reached for less-risky assets.
Energy stocks spiked while the rest of Wall Street fell on Monday after weekend attacks on Saudi Arabia's oil facilities added to investors' concerns about geopolitical risk and a slowing global economy.
Energy giants Chevron and Exxon Mobil are the best performing Dow stocks a week after oil rises 5% or more in a single day.
U.S. stocks fell on Monday on global growth worries after weekend attacks on Saudi Arabia's crude facilities hit 5% of the world's supply, but a sharp surge in crude prices lifted beaten-down energy stocks and kept losses in check.
The Department of Justice charged two current and one former JPMorgan Chase & Co executives on Monday with alleged racketeering and manipulating prices of metals such as gold, silver, platinum and palladium between 2008 and 2016.
The attacks on Saudi oil facilities on Saturday will drive up fuel prices worldwide in the world's largest outage in 50 years. Here's what it could mean for consumers.
Shares of U.S. energy companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil facilities gave new juice to a sector that has been a chronic underperformer.
Possible U.S. tariffs against Airbus aircraft and European parts are unlikely to have a major impact on the European planemaker's 2019 results, but disruption cannot be ruled out, its chief executive said.
The long-standing head of Italian infrastructure group Atlantia is ready to step down as a probe into a deadly bridge collapse snowballs, prompting its top shareholder, the Benetton family, to pull support, sources said on Monday. Giovanni Castellucci, who masterminded a multi-billion merger with Spanish rival Abertis last year, will hand in his resignation at an extraordinary board meeting on Tuesday, two sources close to the matter said.
U.S. Energy Secretary Rick Perry said on Monday it was too soon to say whether the United States would tap emergency oil reserves after attacks in Saudi Arabia halved the crude output in the world's largest oil exporter.
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi Arabian oil plants was carried out with Iranian weapons and was not launched from Yemen according to preliminary findings.
BBC | Sep 16, 2019 Kickstarter has been accused of "union-busting" after firing three employees. Taylor Moore, the company's head of comedy and podcasts, tweeted that he and another employee were fired on Thursday, while tech and design lead Clarissa Redwine was fired last week. All three were heavily involved in the formation of a
Danish tax agency has demanded Nordea repay 900 million Danish crowns ($133 million) in relation to a dividend tax refund case.
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.
As opioid-related deaths have soared, thousands of lawsuits have been filed seeking damages from drugmakers and distributors. The following is a summary of where and how the opioid litigation is playing out across the United States: