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
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
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
IN THE NEWS TODAY
Secretary of State Rex Tillerson said tough sanctions imposed against North Korea over its intercontinental ballistic missile tests would be carefully watched and the resolution sends a strong message that North Korea needs to understand what the world expects of it. (CNBC)
*UN slaps North Korea with new sanctions in effort to punish country's export sector (Reuters)
*North Korea denounces UN sanctions, says will take 'righteous action' (Reuters)
The Trump administration has yet to decide how to respond to Russia's move to expel hundreds of American diplomats. But Secretary of State Rex Tillerson said the U.S. plans to deliver a response to Moscow by Sept. 1. (AP)
Vice President Mike Pence on Sunday denied a New York Times report that he is preparing for a presidential election run in 2020 amid an investigation into Russia's alleged interference in the 2016 U.S. election. He called any suggestion "disgraceful and offensive." (Reuters)
President Nicolas Maduro vows that a band of anti-government fighters who attacked a Venezuelan army base will get the "maximum penalty." Troops killed two of the 20 intruders who slipped into the base early Sunday, apparently intent on fomenting a military uprising, Maduro said on his weekly radio address. (AP)
The city of Chicago will file a lawsuit today, alleging it is illegal for the federal government to withhold public safety grants from so-called "sanctuary cities." Mayor Rahm Emanuel says Chicago won't "be blackmailed into changing our values, and we are and will remain a welcoming city." (AP)
Taiwan's Foxconn, one of Apple's primary iPhone makers, will open a multibillion-dollar research and development plant in Michigan, the South China Morning Post reported on Sunday. The Michigan facility will be focused on autonomous vehicles, the SCMP said, citing Foxconn founder Terry Gou. (CNBC)
Samsung Electronics Vice Chairman Jay Lee, on trial for charges ranging from embezzlement to perjury, fought back tears and denied wrongdoing today as prosecutors sought a 12-year jail term. The charges included bribing the former president to help cement control of the South Korean tech giant. (Reuters)
STOCKS TO WATCH
Rockwell Collins (COL) is among our stocks to watch this morning, following a Reuters report late Friday that United Technologies (UTX) was weighing a bid for the aircraft component maker. United Technologies told CNBC that it did not comment on rumors or speculation.
Apple (AAPL) will release a version of the Apple watch later this year that can directly make calls on cellular networks, according to a Bloomberg report. Current versions of the watch need to be connected to an iPhone to have cellular capability.
Berkshire Hathaway (BRKB) reported a 15 percent decline in second quarter profit, falling below analyst forecasts. The decline was led by smaller investment gains and insurance underwriting losses.
Tesla (TSLA) lowered the price of its Model X SUV by $3,000 to $79,500, noting improved profit margins on that vehicle.
General Motors (GM) is recalling nearly 800,000 pickup trucks to deal with an issue that could affect power steering. The affected models are 2014 Chevrolet Silverado 1500 and GMC Sierra 1500 trucks.
Sprint (S) has resumed discussions T-Mobile US (TMUS) about a possible merger, according to a Bloomberg report. Masayoshi Son – the billionaire who leads major Sprint shareholder Softbank – is said to be seeking consolidation to reverse customer losses.
Google employees and Silicon Valley pundits are reacting with outrage to a 10-page document written by a Google engineer that criticizes the company's "left leaning" culture, taking aim at company policies meant to foster a more diverse workplace. In response, Google's VP of diversity said in part the document "advanced incorrect assumptions about gender." (CNBC)