The United Auto Workers (UAW) went on strike at General Motors just after midnight Sunday and about 48,000 hourly workers at its facilities are headed for the picket lines in the morning, union officials said early Monday.
Oil prices soared on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut about 5% of global supply.
Amid a flurry of Twitter posts on Monday morning, U.S. President Donald Trump turned to the weekend attack on Saudi Arabia’s oil facilities and assured his audience the United States had become such a big producer it no longer needed oil from the Middle East. (See tweet https://twitter.com/realDonaldTrump/status/1173560246863876096)
Volkswagen said on Monday it had agreed to pay up to A$127 million ($87.3 million) to settle lawsuits brought on behalf of thousands of Australian customers caught up in its global diesel emissions cheating scandal.
Jim Cramer breaks down Wall Street's reaction to drone strikes on Saudi Arabian oil facilities, how Wall Street values cloud stocks and interview with Paxos CEO.
New Federal Aviation Administration (FAA) chief Stephen Dickson plans to fly to Seattle this week to fly "newly configured" Boeing 737 MAX software in a simulator and will visit with Boeing officials, the agency said Monday.
An all-electric pickup truck and an advanced battery system will be part of the $7 billion that General Motors Co has pledged to invest in the United States as parts of contract talks with the United Auto Workers.
Oil ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years and a record trading volumes, after an attack on Saudi Arabian crude facilities cut the kingdom's production in half and intensified concerns of retaliation in the Middle East.
WeWork owner The We Company is expected to postpone its initial public offering, the Wall Street Journal reported on Monday, citing people familiar with the matter.
U.S. Senate Majority Leader Mitch McConnell blamed Iran on Monday for the weekend attack on a Saudi Arabian oil facility and called for an international response.
U.S. President Donald Trump said on Monday that it looked like Iran was responsible for attacks over the weekend on Saudi Arabian oil plants, but he was in no rush to respond and was still trying to find out who was behind the strikes.
Deputy trade negotiators for the United States and China will meet in Washington beginning on Thursday, a spokesman for the U.S. Trade Representative's office said on Monday.
U.S. President Donald Trump on Monday downplayed the impact of a spike in oil prices in the wake of the attacks on Saudi oil plants, saying prices had not risen much and that the United States and other countries could offset the increase by releasing more supply.
Saudi Arabia said on Monday that the attack on its oil facilities was carried out with Iranian weapons, according to a preliminary investigation, but stopped short of directly blaming regional foe Iran.
President Donald Trump said on Monday the United States has reached an initial trade agreement with Japan.