Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread 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
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
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
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
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
Nearly three-quarters of Americans are willing to pay increased taxes or tolls to fund roads and other transportation infrastructure, according to a survey from HNTB Corp. to be released on Monday that was seen by Reuters.
The number rises to 84 percent if those tax and toll hikes are mandated by law to be spent only on the infrastructure projects for which they were intended, the survey found.
"People are willing to pay higher taxes and tolls if they knew that the money was going to pay for transportation," said Kevin Hoeflich, chairman of toll services at HNTB, a Missouri-based engineering firm that designs such projects. "They've seen ... funding get diverted to other areas and not where they expected."
At the polls in November, voters in Illinois and New Jersey approved measures that require new revenues from transportation-related fees and taxes to be used exclusively for transportation projects.
The gas tax hike in New Jersey was unpopular and took years to pass, coming only as part of a compromise that also cut sales taxes after Governor Chris Christie halted construction projects when the state's transportation fund ran dry.
The United States is in the midst of a huge infrastructure backlog. The nation is set to fall $1.44 trillion short of what it needs to spend on infrastructure through the next decade, the American Society of Civil Engineers (ASCE) said last year.
HNTB's survey found that 73 percent of respondents support public-private partnerships as a way to maintain and build new transportation assets.
Eight in 10 Americans also support adding tolls to existing highways, the survey showed.
Russel Research conducted the poll of 1,027 Americans over 18 years old between July 14 and July 16. The margin of error is plus or minus 3.1 percent.
The willingness to pay is driven largely by the desire to avoid congestion and save time. Survey respondents would pay $1.70 on average to use an express lane if it would save 15 to 30 minutes of travel time, HNTB said.
In January, Reuters released a poll just as President Donald Trump took office promising a $1 trillion infrastructure program that has yet to materialize.
The respondents to that poll, however, expressed little interest in paying for that program, with 51 percent saying they did not want higher taxes as a result.