Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread 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
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...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
One measure of technology stocks is now higher than during the dotcom boom.
The S&P information technology sector grouping closed above $992 on Wednesday, smashing through the $988.49 dotcom bubble high from March 27, 2000, according to FactSet.
The constituents of that group have changed considerably since then: Facebook for instance, wasn't even around in 2000. And the technology sector SPDR ETF, a slightly different grouping that includes some telecom companies with the ticker "XLK," was only around $57 on Wednesday, well below dotcom-boom highs of $65.44.
Still, it marks a milestone in the growing dominance of technology companies in the stock market, as companies like Apple, Alphabet and Microsoft have grown more valuable than most other public companies around the world.
The S&P 500 and Nasdaq also hit fresh all-time highs on Wednesday. Shares of Amazon.com, Microsoft, Facebook and Adobe traded at highs not seen since their IPOs, and Priceline shares were also at an all-time intraday high.