Truex Jr. wins playoff opener at Las Vegas
Today, 03:03
Martin Truex Jr. did not arrive at Las Vegas Motor Speedway for Sunday night's Monster Energy NASCAR Cup Series opening race of the 10-event, 16-driver Playoffs on a hot streak. But Truex sure left Vegas with some heat under his hood as he passed Kevin Harvick for the lead with 20 laps to go and from there cruised to the win the South Point 400. The victory was the Joe Gibbs Racing driver's series-best fifth of the season. It gave his ..
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Oil Prices Jump More Than 11% Following Saturday’s Attack on Saudi Facilities 
Today, 02:21 - Oil prices surged more than 10% on Monday in Asia after a drone attack on Saudi Arabia’s oil facilities eliminated 5.7 million barrels of daily production over the weekend. U.S. Crude Oil WTI Futures surged 11.0% to $60.84 by 9:09 AM ET (01:09 GMT). International Brent Oil Futures spiked 12.7% to $67.77. Drone strikes attacked an oil processing facility at Abqaiq, the world’s largest, and the nearby Khurais oil field ..
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Trump Vows U.S. ‘Locked and Loaded’ If Iran Was Behind Attacks
Today, 02:18
(Bloomberg) -- President Donald Trump said the U.S. is “locked and loaded depending on verification” that Iran staged the attack on major Saudi Arabian oil facilities, an assertion already made by his secretary of state and backed by administration officials. “There is reason to believe that we know the culprit, are locked and loaded depending on verification,” Trump said on Twitter on Sunday without mentioning Iran or specifying what the ..
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Oil Jolt May Have Short-Term Impact for Markets Elsewhere
Today, 02:15
(Bloomberg) -- Oil’s ripple effect into equities and currencies may be more limited than the dramatic commodity surge suggests, according to strategists. The strike, which removed about 5% of global energy supplies, sent oil prices soaring. Brent crude had its biggest advance in dollar terms since futures started trading in 1988 and topped $71 a barrel. President Donald Trump authorized the release of oil from the U.S. emergency oil reserves. ..
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Dream Global REIT to be bought by Blackstone funds in $4.7 billion deal
Today, 02:12
(Reuters) - Dream Global Real Estate Investment Trust (TO:DRG_u) said on Sunday it is to be bought by funds managed by Blackstone Group Inc (N:BX) in a C$6.2 billion ($4.69 billion) deal. Blackstone will pay C$16.79 in cash for each Dream Global unit to acquire all of the office and industrial property manager's subsidiaries and assets, according to a statement from Dream Global. ..
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Saudi attacks threaten U.S. gasoline price hikes, particularly in California
Today, 02:09
By Devika Krishna Kumar NEW YORK (Reuters) - U.S. motorists most likely to feel the hit from rising gas prices following the attacks on Saudi Arabia's oil facilities are on the West Coast, which accounts for nearly half of all of U.S. crude imports from the kingdom. The attacks on Saudi Arabia's oil facilities on Saturday knocked out more than 5% of global oil supply and sent oil prices surging as much as 20%. U.S. pump prices are ..
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UK employers cut growth forecasts as Brexit, global slowdown weigh
Today, 02:06
LONDON (Reuters) - The British Chambers of Commerce cut its forecast for economic growth this year and 2020 on Monday, blaming a slower global economy, U.S.-China trade tensions and the persistent drag from Brexit. The BCC, whose members employ about one in five British workers, cut its economic growth forecast for this year to 1.2% from its June forecast of 1.3% and lowered the figure for 2020 to 0.8% from 1.0%. The BCC's new 2020 ..
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Report: Colts hope to talk Vinatieri out of retiring
Today, 02:03
The Indianapolis Colts are hoping to convince kicker Adam Vinatieri not to retire, NBC's Mike Florio reported Sunday evening, after the 46-year-old missed two more kicks in Sunday's win over the Tennessee Titans. "I'm told that is a safe assumption (that Vinatieri will retire), but the Colts aren't ready to give up," Florio said on Football Night in America. "They're gonna try to talk him into staying. They expect to ..
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Dollar falls as oil attacks send investors to safety
Today, 01:18
SINGAPORE (Reuters) - The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's ..
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'Very difficult' for China's economy to grow 6% or faster: Premier Li
Today, 01:15
SHANGHAI (Reuters) - Chinese Premier Li Keqiang said it is "very difficult" for China's economy to grow at a rate of 6% or more because of the high base from which it was starting and the complicated international backdrop. The world's No.2 economy faced "certain downward pressure" due to slowing global growth as well as the rise of protectionism and unilateralism, Li said in an interview with Russian media which ..
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Latest News

U.S. Stock Index Futures Slide After Oil Jumps on Drone Attack
Today, 04:18
(Bloomberg) -- U.S. stock index futures dropped as global oil prices surged the most on record after a drone strike on a Saudi Arabian oil facility increased geopolitical risk concern. S&P 500 Index futures expiring in December dropped as much as 0.8% as of 9:25 a.m. in Singapore. Contracts slumped 1.4% on the Nasdaq 100 and declined 0.8% on the Dow Jones Industrial Average. Brent crude soared as much as 19.5% and West Texas Intermediate added ..
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Hong Kong's World Class Subway in Crisis After Repeated Attacks
Today, 04:15
(Bloomberg) -- From Sydney to Stockholm, governments looking for help with their rail systems turn to Hong Kong’s MTR Corp., renowned for its speedy, clean and reliable commuter trains. That polished image is now tarnished at home, as months of unrest frequently boils into violence and vandalism on Hong Kong’s subway. MTR facilities have looked more like battlefields on some weekends. Protesters have smashed windows and set fires blazing outside ..
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Next Trump Tariffs May Soon Hit Europe’s Luxury-Goods Exporters
Today, 04:12
(Bloomberg) -- Some of Europe’s top luxury brands are targeted in President Donald Trump’s latest tariff salvo, which could affect billions of dollars in exports of American-bound whiskeys, wine, Champagne, handbags and men’s suits. A panel of three World Trade Organization arbiters, as expected, said Friday the U.S. can legally impose tariffs on an array of European exports in retaliation for Europe’s illegal government aid to Airbus SE. EU ..
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China’s Economy Slows as Industrial Output Weaker Than Expected
Today, 04:09
(Bloomberg) -- China’s economy slowed further in August, indicating current stimulus policies may not be enough to shield the economy from the worsening effects of the trade war with the U.S. Industrial output rose 4.4% from a year earlier, versus a median estimate of 5.2%. Retail sales expanded 7.5%, compared to a projected 7.9% increase. Fixed-asset investment slowed to 5.5% in the first eight months, versus a forecast 5.7%Key Insights The ..
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OxyContin maker Purdue Pharma files for bankruptcy protection
Today, 04:06
By Mike Spector NEW YORK (Reuters) - OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. Purdue's board met Sunday evening to approve the long-expected bankruptcy filing, which the company is pursuing to restructure under terms of a proposal to settle the widespread litigation. Purdue ..
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China’s Industrial Production Growth Slows to 17-Year Low in August
Today, 04:03 - China’s industrial production growth slowed to 17-year low in August, data from the National Bureau of Statistics (NBS) showed on Monday. The industrial production rose 4.4% in August from a year earlier, less than the forecasted 5.2% and July’s 4.8%. Official data showed slumps in both manufacturing and mining activities. Manufacturing grew by 4.3% during the month, down from 4.4% in July. Mining output, meanwhile, ..
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