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
In a tweet Thursday morning, Trump said GM was "very counter" to what other companies were doing — "pouring into the U.S., including BMW, which just announced a major new plant. The U.S.A. is booming!"
The Detroit automaker announced plans on Monday to idle five factories in North America and two overseas and cut about 14,000 jobs in the company's most significant restructuring since its bankruptcy in 2009.
GM warned this summer that the Trump administration's trade war could force job cuts in the United States. Trump was irate with GM's announcement this week, tweeting on Tuesday that he was "very disappointed" with the company and CEO Mary Barra for idling plants in Ohio, Michigan and Maryland.
"Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get," Trump tweeted on Tuesday. He also threatened to cut all of the company's federal subsidies, following up on Wednesday with the announcement that the administration was studying all tariffs on cars imported to the U.S. because of the "G.M. event."
Of the 14,000 job cuts, 2,250 workers have already taken voluntary buyouts, according to a company spokesman. Roughly 5,750 salaried workers and 6,000 hourly employees will be laid off. Half of the hourly workers are in Canada with the other half in the U.S., where the company will work with union officials to try to move to other plants, GM spokesman Pat Morrissey said.