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
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread 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
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
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
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Canopy Growth CEO Bruce Linton is betting that marijuana consumers will be willing to shell out more cash for his company's products now that they're legal for recreational use in Canada, instead of going back to illegal street dealers.
"'Better' will be a big argument," Linton told CNBC's Deirdre Bosa from a Canopy store in Newfoundland on Wednesday as Canada became the world's largest country with a legal national marijuana marketplace. "People are going to start realizing that the product that they get from the illegal dealer comes from officially, nowhere."
Linton, whose Canada-based pot firm's partners include rapper Snoop Dogg and alcohol giant Constellation Brands, said unregulated marijuana products can come with risks, including being sprayed with unnecessary chemicals.
In August, U.S.-based Constellation upped its bet on the cannabis industry, announcing an additional $4 billion stake in Canopy. At the time, the maker of Corona and Modelo beers and top shelf liquors said it does not planning to sell cannabis drinkables in its home country before legalization happens everywhere.
As more governments legalize cannabis, Linton told CNBC earlier this month, cannabis-related products could disrupt $500 billion worth of existing industries, ranging from alcohol, cigarettes and pharmaceuticals.
Marijuana stocks have been booming in advance Canada's legalization, with Canopy's U.S. shares soaring more than 400 percent over the past 12 months. But share prices of Canopy and another high-flying Canadian pot company, Tilray, were down 3 and 6 percent, respectively, on Wednesday.