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
General Motors is preparing to take on Uber, Lyft and other ride-hailing companies with its own self-driving ride-hailing service by 2019.
"As we first launch autonomous and ride-sharing fleets, we believe the biggest opportunities are in the coastal areas," General Motors CEO Mary Barra told analysts as she and other GM executives updated investors on the company's strategy for autonomous-drive vehicles.
The automaker is already operating self-driving Chevy Bolts in San Francisco as part of a beta test run by the company's subsidiary, Cruise Automation.
Dan Ammann, the president of GM, says the automaker is rapidly making progress on its goal of safely operating self-driving cars in complex urban environments.
"We want to demonstrate to people how much progress has been made to our overall mission, which is to deploy this technology at very large scale and the most complex environments with the right safety," Ammann told CNBC.
In addition to ensuring that its self-driving cars can safely transport passengers to their destinations, General Motors says the key will be bringing down the cost of those rides.
GM expects the initial cost to passengers of early stage autonomous-drive ride-share vehicles in San Francisco will be roughly $1.50 per mile, 40 percent below the cost of ride-hailing services operated with a human driver.
The automaker is still developing its business plan, however, and is far from announcing the start of a ride-hailing service or how much rides in self-driving Chevy Bolts might cost.
"This technology will continually and rapidly improve once it's launched," Ammann told analysts.
GM's announcement that it plans to start a self-driving ride-hailing service comes less than a month after Waymo, formerly known as the Google Self Driving Car Project, said it will start a ride-hailing service in the Phoenix area using self-driving Chrysler minivans.