An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread 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
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
"We need to redefine what is responsible business in the digital age because for all of the good the tech companies are doing, there's some unintended consequences that now need addressing," Keith Weed, chief marketing officer at Unilever, said Monday.
In a speech delivered at the Interactive Advertising Bureau's annual leadership meeting in Palm Desert, California, Weed said tech companies were to blame for creating a "swamp" in which fake news and criminal content were being circulated.
Unilever, which makes Ben & Jerry's ice cream and Dove soap, said the tech space needed to review transparency measures and improve consumer trust in an era of illegal content.
Late last year, the European Commission warned the likes of Facebook, Google and Twitter that it was considering legislation if self-regulation continued to fail. And at the World Economic Forum in Davos, Switzerland, last month, U.K. Prime Minister Theresa May urged investors to put pressure on tech companies to respond more quickly to extremist content on social networks.
In response, Google has since announced it would dedicate over 10,000 staff to tackling extremist content on YouTube in 2018 while Facebook has said it will be using artificial intelligence to detect images, videos and text related to terrorism.
Facebook and Google, part of Alphabet, were estimated to have approximately half of online ad revenue worldwide in 2017, according to research firm eMarketer. In the U.S., both tech companies were thought to have over 60 percent of the market share.
Both Facebook and Google reportedly said they were listening to Unilever's calls to improve the industry.