Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread 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
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread 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
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
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
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
But in a "Squawk on the Street" interview, Ross deflected an attempt at a straight answer, saying the tariffs of 25 percent on steel and 10 percent on aluminum as announced Thursday by the president would have a "fairly broad effect."
In a second run at pinning Ross down on whether that means all trading partners — without exemption — the Commerce secretary said, "That's what the president seemed to announce yesterday." He added, "Let's assume that to be the case."
Ross contended that either way, Trump's tariffs are "no big deal" because the price increases on steel and aluminum would be negligible.
The impact that tariffs might have on American relations with Canada at a time when NAFTA is being renegotiated by the United States, Canada and Mexico knocked the stock market for a loop in a sell-off that started Thursday and continued early Friday.
WATCH: Tariffs will have broad but trivial impact on prices, says Ross