While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
A new research study by the Digital Citizens Alliance shows how easy it is to buy illegal steroids or appearance and performance enhancing drugs (APEDs)Cybersecurityread more
GM shares were down nearly 3% Monday as analysts estimated the strike could cost GM tens of millions of dollars per day. The two sides resumed talks at 10 a.m. Monday...Autosread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
U.S. Secretary of Energy Rick Perry spoke to CNBC's "Squawk on the Street" on Monday following a series of drone attacks on Saudi Arabia's oil facilities caused the largest...Oilread more
Perry says it's too soon to say whether the U.S. will need to use its emergency crude reserves to offset the surge in oil prices.Oilread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to analyst Ming-Chi Kuo.Technologyread more
China's Tsinghua Unigroup may be making an opportunistic grab for the last U.S. memory chip maker, but the Chinese bidder for Micron is unlikely to gain U.S. approval.
The real significance may be that Tsinghua's bid put Micron Technology in play for another buyer, say analysts. Even if so, the list of purchasers would be short, considering its niche and size.
The Wall Street Journal reported Tuesday that Tsinghua Unigroup, China's largest chip design firm, has prepared a $21 per share or $23 billion offer for Micron. The newspaper quoted a source saying Tsinghua presented the bid to Micron management, but Micron was quoted as saying it had not received an offer and it had no further comment.
The bid, if made public, would be the biggest by a Chinese company and would be subject to U.S. review, including before the Treasury Department's Committee on Foreign Investment in the U.S.