Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread 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
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
Goldman Sachs shares fell, plumbing new lows for 2018, as the money laundering probe involving Malaysia's state investment fund "1MDB" took a more serious turn for the firm on Monday.
Malaysia filed criminal charges against Goldman Sachs and two employees, Tim Leissner and Roger Ng, in connection with the probe. Goldman raised $6.5 billion in 2012 and 2013 for the fund through three bond deals.
In an emailed statement to Reuters, a Goldman spokesman said, "these charges are misdirected" and that the bank continues to cooperate with all authorities.
Goldman Sachs shares have collapsed this quarter on developments with the probe and are now down 34 percent this year. With Monday's decline of 2.4 percent at 9:34 a.m., those losses were set to mount.
The drop in the stock accelerated in early November after Malaysia's finance minister said he would seek a full refund on the $600 million in fees the country paid the bank for arranging the bond deals. Goldman also faces possible fines from a U.S. Department of Justice investigation into its role in the 1MDB scandal.
Former Goldman CEO Lloyd Blankfein attended a 2009 meeting with Malaysian financier Low Taek Jho and an associate, who are accused with laundering billions of dollars from the fund, according to a person with knowledge of the situation. Low has said he is innocent.
— CNBC's Hugh Son and Reuters contributed to this story.