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
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Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
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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
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U.S. government debt yields rose Friday after gross domestic product (GDP) data missed expectations.
The yield on the benchmark 10-year Treasury note was higher at around 2.662 percent at 11:27 a.m. ET, while the yield on the 30-year Treasury bond was higher at 2.913 percent. Bond yields move inversely to prices.
Economic growth slowed in the last quarter as a swell in consumer spending resulted in an uptick in importing, the Commerce Department said Friday.
The first reading on fourth-quarter U.S. gross domestic product rose 2.6 percent versus expectations of 3 percent. The economy grew at a 3.2 percent pace in the third quarter.
President Donald Trump delivered a speech during his trip to the World Economic Forum in Switzerland, where the commander in chief pitched investment in the U.S. to global leaders.
"Now is the perfect time to bring your business, your jobs and your investments to the United States," Trump told the political and business leaders.
Though Trump emphasized his "American First" policy, he encouraged the foreign leaders to invest in the United States.
On Thursday, Trump told CNBC that the dollar would strengthen over time under his presidency, adding that recent comments said by Treasury Secretary Steven Mnuchin about the currency had been misinterpreted.
"The dollar is going to get stronger and stronger, and ultimately I want to see a strong dollar," Trump said in an exclusive interview from WEF. "Our country is becoming so economically strong again and strong in other ways, too."