While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
A new research study by the Digital Citizens Alliance shows how easy it is to buy illegal steroids or appearance and performance enhancing drugs (APEDs)Cybersecurityread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
U.S. Secretary of Energy Rick Perry spoke to CNBC's "Squawk on the Street" on Monday following a series of drone attacks on Saudi Arabia's oil facilities caused the largest...Oilread more
Perry says it's too soon to say whether the U.S. will need to use its emergency crude reserves to offset the surge in oil prices.Oilread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to analyst Ming-Chi Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Supreme Court Justice Kavanaugh from when he was a Yale University student, noting that "the...Politicsread more
Morgan Stanley analyst Brian Nowak estimates that Facebook will make $565 million in revenue from the "Watch" tab video in 2018, on video spending of $400 million. About $200 million of the spending would be on producing content Nowak wrote in a note released on Friday.
That implies that each daily user in North American would spend about 20 minutes a day on the "Watch" tab videos. The users would only need to watch about 7 minutes of video for Facebook to break even on its $200 million content investment, Nowak wrote.
According to Nowak's estimates and Neilsen data, users watch 40 minutes per day on YouTube (global average), 125 minutes a day on Netflix (U.S. average) and 260 minutes a day of traditional TV (U.S. average).
Facebook did not immediately respond to a request for comment.