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
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
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 Big Three American car companies fell Monday after the automakers' March sales reports showed declining passenger car sales.
Shares of Ford finished the day over 1 percent lower after the company reported a year-over-year sales decline of 7.2 percent. Despite market trends shifting toward SUVs, Ford crossover deliveries fell 2 percent for March. Car sales, in the face of steep market headwinds, took a 24.2 percent dive. Ford, though, got a boost by 10 percent growth in the F-Series line of pickups, one of its most profitable products.
"Our high-series Super Duty trucks and all-new F-150 Raptor drove double-digit F-Series sales gains in March, along with the strongest year-over-year increase in transaction prices of any truck manufacturer in the industry," Mark LaNeve, Ford vice president, U.S. marketing, sales and service, said in a release.
U.S.-listed shares of Fiat Chrysler Automobiles fared worse, closing over 4 percent lower on Monday after the company reported its sales figures. The Italian-American conglomerate sold 5 percent fewer vehicles in March than last year, with a 33 percent decline in Chrysler sales. Chrysler invested millions into the new Pacifica minivan, yet so far the van isn't outselling the Town & Country it replaced.
Jeep, typically Fiat Chrysler's most profitable and valuable division, reported sales that dropped 11 percent. This was despite strong market favorability toward SUVs, which make up the entire Jeep lineup.
Shares of General Motors closed 3 percent lower on Monday, despite growing sales and market share. While vehicle sales overall were up 1.9 percent, GM didn't indicate growth in the passenger car sector.
While the Silverado's chief competitor saw a 10 percent sales increase, Chevrolet's flagship pickup truck reported sales that "were essentially equal to a year ago," according to the release.