Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019. Stringer | Reuters Oil prices jumped more than 10% after a coordinated drone attack hit the heart of Saudi Arabia’s oil industry on Saturday, forcing the kingdom to cut its oil output in half. U.S.
Finance
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images U.S. stock futures dropped on Sunday night amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth. Dow Jones Industrial Average
SoFi Stadium conceptualization Rachel Reichblum | SoFi Financial technology start-up Social Finance is putting its name on the most expensive NFL stadium ever built. The company announced a 20-year deal on Sunday to call the new Los Angeles football compound “SoFi Stadium.” The 3-million-square-foot arena, which will be home to both the Rams and the
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Boeing. Chris Verrone was a buyer of JPMorgan. Brian Kelly was a buyer of the Gold Miners ETF. Guy Adami was a buyer of Exxon Mobil. Disclosure Trader disclosure: Chris Verrone is long BAC, DBX, GILD, QD, SMAR,
A trader wipes his eyes as he watches stock prices at the New York Stock Exchange in New York. Don Emmert | AFP | Getty Images Oil prices could jump as much as $10 per barrel after a number of drone strikes hit the center of Saudi Arabia’s oil industry, reportedly forcing the kingdom to
Traders work at the Bolsa de Mercadorias e Futuros, Brazilian Mercantile and Futures Exchange (BM&F), in Sao Paulo, Brazil. Marcos Issas | Bloomberg | Getty Images Investing in Latin America’s equity markets can be scary, but Luiz Maria Ribiero has cracked a winning formula. Ribiero manages the DWS Latin America Equity fund (SLARX), which has
Shares of flooring company Lumber Liquidators plunged Friday after founder and former CEO Thomas Sullivan decided to opt out of his bid to find a buyer for the company, a week after he announced the buyout plan. Sullivan also sold the majority of his stake in the company. The founder had upped his ownership of
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters The Federal Reserve is expected to cut interest rates by a quarter point on Wednesday, but what it says about its future plans will determine whether stocks
A man enter the doors of the ‘WeWork’ co-operative co-working space in Washington, DC. Mandel Ngan | AFP | Getty Images WeWork has become a cautionary tale for private equity and venture capital executives who are learning that growth at all costs doesn’t always cut it in public markets. The real estate start-up has seen
U.S. Housing and Urban Development Secretary Ben Carson testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing on September 10, 2019 in Washington, DC. Zach Gibson | Getty Images The Department of Housing and Urban Development’s internal watchdog cleared Secretary Ben Carson of wrongdoing after investigating a planned purchase of more than $31,000
andresr | E+ | Getty Images Friday’s August retail sales report is the last big economic report before the Fed begins its two-day meeting Tuesday, and it could be muddied by the Amazon Prime Day promotions that sent July sales sharply higher. Economists expect a gain of just 0.2%, after a much better than expected
Once again President Trump berated the Federal Reserve via Twitter on Wednesday, this time calling for the central bank to immediately cut interest rates to zero. The president said this would offset the effects of the monetary stimulus being pursued by other central banks and allow the federal government to refinance its outstanding debt at
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 15, 2019 in New York City. Drew Angerer | Getty Images Consumer inflation and the outcome of the European Central Bank’s rates meeting could both be market movers Thursday, ahead of the Fed’s meeting
Mark Hurd, CEO of Oracle. Adam Jeffery | CNBC Check out the companies making headlines after the bell: Shares of Oracle dipped as much as 5% during extended trading after the company’s CEO, Mark Hurd, announced a medical leave of absence and $15 billion stock buy back. Founder and Executive Chairman Larry Ellison said in
Goldman Sachs and Bank of America have been added to the growing list of underwriters, sources familiar said, for what will likely be the biggest initial public offering of all time, Saudi Aramco. There will be six global coordinators of the IPO, sources said. The listing is expected to value the world’s most profitable oil
Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth,
Pedestrians pass in front of a GameStop store in New York Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of GameStop plummeted more than 16% after the company cut its forecast and reported second quarter earnings that fell short of expectations. The company said it expects adjusted full-year earnings per share
Wilmington Trust’s Luke Tilley is worried a bearish trend in the employment numbers will hurt the economy’s strongest part: consumers. According to the firm’s chief economist, the U.S. is seeing its lowest year-over-year jobs growth since 2011, which was just two years into the economic recovery. “Things are slowing down,” he told CNBC’s “Trading Nation”
Traders work on the floor at the New York Stock Exchange. Eduardo Munoz | Reuters The stock market is itching to make new highs, and it may soon, as long as progress continues to appear to be made on the trade war front. Technical market analysts, who watch stock charts, see an opportunity for stocks
An employee hands a customer their order at the drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Wendy’s shares fell about 4% after the company slashed its 2019 forecast as it announced plans to roll out breakfast nationwide