As oil prices surged Sunday, President Donald Trump said he had authorized the use of oil from the country's emergency reserve after Saturday's attack on Saudi Arabian oil facilities disrupted the global supply of crude.
Oil prices, which have remained low for months, could spike when markets open Monday as Saudi Arabia scrambles to repair damage to its energy infrastructure inflicted this weekend.
The United Auto Workers union said Sunday that its members at General Motors will walk out by midnight if the automaker does not meet its demands, setting the stage for the nation's first auto strike in 12 years.
Three days before Christmas in 1975, President Gerald Ford signed a law creating the United States' first emergency stash of crude oil. The nation had been traumatized by an oil embargo a few years earlier.
Happy Sunday. A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.
Members of the United Auto Workers union working at General Motors decided Saturday night to stay on the job past a midnight deadline for a new contract, but remained on the verge of a strike.
Coordinated strikes on key Saudi Arabian oil facilities, among the world's largest and most important energy production centers, have disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply.
Panicked shoppers thronged supermarket aisles, grabbing bags of salt by the armful. They queued six deep outside wholesalers. Most went home with only one or two bags; the lucky ones managed to snag a five-year supply before stocks ran out.
The emails all start the same way: "The United States 18th Space Control Squadron has identified a close approach between" your satellite and another. The messages also note the projected odds of a collision, anywhere from 1 in 10,000 to 1 in 1,000.
A federal appeals court on Friday revived a lawsuit filed against Fox News by the parents of Seth Rich, a Democratic National Committee staffer whose unsolved murder became the basis for conspiracy theories on the far-right.
The United Auto Workers union and General Motors are locked in difficult labor negotiations, and a late night Saturday deadline looms for a new contract -- or a strike.
Money losing unicorns are falling out of favor with investors. The dismal performances of Uber, Lyft and Slack after they debuted on Wall Street earlier this year could be a sign that the appetite for unprofitable companies is waning.
If you're wondering whether interest in the Democratic primary process has cooled off, check the Nielsen ratings and stop wondering.
The London Stock Exchange has roundly rejected Hong Kong's $37 billion takeover bid, saying it was too low, politically risky and lacked strategic merit.
Nothing is spooking investors on this particular Friday the 13th. The Dow climbed to its eighth day of gains in a row on the news that China will exempt US soybeans and pork from its next round of tariffs.
The recent rash of vaping-related illnesses and deaths could represent a crisis for the legal cannabis industry, which relies on vaping for an estimated quarter of its business in some states.
China will exempt American soybeans and pork from its latest round of tariffs, in what appears to be another move to ease tensions between the countries as they prepare for a new round of trade talks.
Cornwall's last tin mine closed 20 years ago. Now growing demand for metals from ethical sources could spark a revival in one of Britain's most deprived regions.
Around 47,000 union workers at Albertsons, Ralphs and other grocery chains in southern California reached an agreement with the companies Thursday on new contracts that they say improve wages and benefits.
A progressive talk show host excoriated conservative radio giant Rush Limbaugh on Thursday for "slut shaming" her with a false claim he made on his program earlier this month.
The US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, the Treasury Department reported Thursday.
Old Navy outlined plans Thursday to open 800 new stores, its first major announcement since the Gap, its parent company, announced it would spin off the lower-priced brand.
The Trump administration is cracking down hard on the sale of flavored e-cigarettes. Health concerns and teen addiction have given regulators pause. That could be bad news for Altria, the US owner of the Marlboro brand and a top investor in vaping giant Juul Labs.
Virginia Lt. Gov. Justin Fairfax on Thursday filed a lawsuit against CBS, alleging the network defamed him when it aired interviews earlier this year with two women who accused him of sexual assault.
Sheila Bair was one of the few American regulators who sounded the alarm about the housing crisis a decade ago. Now, she worries the post-crisis guardrails are being dismantled at precisely the worst time.
Treasury Secretary Steven Mnuchin on Thursday floated the idea of the US government issuing an ultra-long government bond next year, if there's demand.
Hong Kong's bid to acquire the London Stock Exchange could be a game changer for global markets, but chances are it won't succeed.
The Dow hit a seventh day of gains in a row Thursday, with stocks higher after the United States said it would delay some tariffs on Chinese imports.
The European Central Bank is turning on the stimulus taps again, pushing interest rates further into negative territory in order to support the region's flagging economy.
Nestlé has pledged to reach zero net greenhouse gas emissions by 2050, a goal that requires many changes from the world's biggest food producer and the farmers it works with.
Popeyes knows you're still sad about its chicken sandwich shortage. That's why it's suggesting a quick fix to ease your chicken sandwich cravings.
Happy Thursday. A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.
China's pork crisis has gotten so bad that some of its cities are starting to tap into their precious strategic reserves of frozen pig meat.
Booming shale production helped the United States briefly overtake Saudi Arabia and Russia to become the world's top oil exporter for the first time earlier this year.
Anheuser-Busch InBev has resumed its application to list its Asia business in Hong Kong, two months after shelving what would have been the biggest IPO of the year.
Global stocks are mostly on the rise after the United States and China took small steps toward cooling trade tensions between each other.
Publix is joining the growing number of retailers asking that customers no longer openly carry guns in their stores in states where open carry is legal.
Legendary oil man T. Boone Pickens, whose investments helped shape the American energy industry going back to the 1950s, has died at the age of 91.
The trade war is far from over. Many multinational companies are expected to report weak third quarter earnings. And President Trump continues to feud with the Federal Reserve about interest rates.
Aviation authorities from around the world may not immediately follow the FAA's lead whenever the US agency decides to allow the Boeing 737 Max to fly again, Boeing CEO Dennis Muilenburg said Wednesday.