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
Donald Trump has been having a rough time rounding up support from Wall Street, but one big financier said Wednesday the real estate tycoon
will ride an anti-establishment wave to take the presidency.
"The country is in a desperate desire for change," said Ken Moelis, a major player in the investment banking industry as head of Moelis & Co. "I'm predicting that Donald Trump will win the election."
"We haven't elected a president since George H.W. Bush based on competency," Moelis added during an appearance at a Bloomberg conference.
Moelis didn't say whether he backs Trump.
Though Trump over the course of his career has made plenty of friends in the banking industry, he's failed to capture a lot of high-profile endorsements. Billionaire investor Carl Icahn, vulture capitalist Wilbur Ross and former GE CEO Jack Welch lead a small cadre of Wall Street support for the Republican nominee.
The conference has seen several speakers talk politics so far, with economist Glenn Hubbard at Columbia Business School offering some additional Trump support.
"Directionally, he's on the playing field. Mrs. Clinton is not on the playing field if that field is economic growth," said Hubbard, a George W. Bush administration figure tied to controversial tax cuts on dividends.
Hubbard called Trump "a little undisciplined" and said he should better "articulate a general vision for growth."
Wall Street has poured money into Democrat Hillary Clinton's campaign but has held off on cutting many big checks for Trump. Clinton has pulled in $58.5 million from the finance industry, while Trump has taken in about $557,000, according to the Center for Responsive Politics.