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
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
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread 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
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit on Monday, while some energy stocks are shooting upward.Marketsread 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 Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Justice Kavanaugh from when he was a Yale University student, noting that "the female student...Politicsread more
The U.S. faces less oil-shortage risk after weekend strikes on Saudi facilities because America has been aggressively developing its own domestic resources in recent years,...Oilread more
Purdue's board approved the much-anticipated bankruptcy filing, days after reaching a tentative deal to settle some 2,000 opioid lawsuits.Health and Scienceread more
Here's a roundup of the most important deals in venture capital from the past week.
Elon Musk's Boring Company raised $113 million in new venture funding. Founded in 2012, The Boring Company digs tunnels for mass transit and freight transport. It is currently seeking to develop four regional projects including plans for the East and West coasts, a loop connecting D.C. and Baltimore, and a loop between downtown Chicago and the O'Hare airport. Co-founder Musk, who is also the CEO of Tesla and SpaceX, provided $100 million of the round.
An online reviews site for plastic surgeons and cosmetic treatments, RealSelf, raised $40 million from Elephant VC. Earlier, the Seattle-based company was backed by Expedia and Zillow founder Rich Barton, and early Amazon investor Nick Hanauer. RealSelf features more than 2 million patient-generated, anonymous reviews, the company said in a statement.
Singapore-based Zimplistic, a start-up that makes smart kitchen appliances, has raised $30 million in new funding from Credence Partners and a start-up fund that is part of Singapore's Economic Development Board. The company told Tech In Asia it plans to use the capital, in part, to popularize its Rotimatic, an appliance which makes fresh Indian flatbreads at home.
Tiger Global, the investment firm that poured money into Facebook, Warby Parker and Flipkart, is now betting on cannabis, alongside Casa Verde Capital, the fund of hip-hop icon Snoop Dogg. The firms have invested $17 million into a cannabis compliance software company, Green Bits.The investment brings Green Bits' total funding to $19.3 million.
BMW iVentures, Samsung Catalyst Fund and other investors are pouring $15 million into Mapillary, an independent provider of street-level imagery and map data to cities, transportation and mobility businesses.
A peer-to-peer car-rental company called Turo (previously known as RelayRides) raised $12 million in series D funding from American Express and Sumitomo. The funding brings the company's total capital raised to $205 million. Turo is best known for connecting renters to luxury and sports cars and even some rare vehicles for daily rentals.
XPert Sea raised $10 million CAD (about $8 million USD) in a round led by Obvious Ventures and Aqua-Spark, joined by Real Ventures. The company's bucket-like device, computer vision and machine learning software is used by shrimp and fish farms or hatcheries to count organisms, and gather data about their health and growth.
An enterprise health tech company, PokitDok, raised $4 million in new funding, according to an SEC filing on Friday. The San Mateo, California-based start-up uses APIs and blockchains to enable a secure flow of data between different health-care businesses facing stringent regulations.