The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Shares of the streaming company have fallen more than 20 percent over the past year as subscriber growth lags expectations. But it trades at nearly 300 times price-to-earnings ratio. Meanwhile, rival Amazon has vowed to double its video content spend and competitor Hulu has shifted its strategy.
That, in the words of Dana Brunetti, president of Relativity Media, means Netflix's home turf is "really going to get crowded."
While Brunetti still thinks there is "some room to make some money ... [Netflix] is getting a bit overvalued. And I'm also talking about people that I work with, so I got to be careful."
A former stockbroker and producer of award-winning films like "The Social Network," Brunetti has a reputation as an oracle on the intersection of technology and entertainment. His prediction for shorting Netflix came as earnings pushed the stock down as much as 15 percent in a night.
With Silicon Valley and Hollywood growing ever closer, Brunetti said anyone from Google to Snapchat could dominate entertainment's next inning. He's particularly interested in virtual reality.
"It's not between Netflix and Amazon anymore — it's the dark horse we haven't seen yet," Brunetti said. "That's what's really going to change the game."
Naturally, Brunetti was quick to respond when asked what companies he is long and short on.
"I'm long right now on CBS, even [with] the craziness that's happening with that," Brunetti said.
Industry watchers have floated CBS for a potential tie-up with former parent company Viacom. It comes as Viacom CEO Philippe Dauman and majority stakeholder Sumner Redstone over the Viacom media empire.
However, Brunetti was more optimistic about fixing Yahoo, which has struggled to stay relevant against competitors like Facebook and Google. He suggested the company just needs to "blaze new paths." (Brunetti's comments came before Yahoo agreed to be purchased by Verizon in late July.)
"Our industry is an industry of a lot of dinosaurs, unfortunately," Brunetti said. "You have to adapt or die."
— CNBC's Richard Washington contributed to this report.