President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread 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
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Apple ramped up its efforts this week to differentiate its business on the basis of privacy and security, a risky move given risks to its cloud-based backup service and a challenging privacy environment globally, particularly in China, where the company says it is struggling.
Apple took a high-profile swipe at Google, Amazon and Facebook at this year's Computer Electronics Show, with a full-building ad touting "What happens on your iPhone, stays on your iPhone." CEO Tim Cook has criticized competitors for their privacy practices and their willingness to share data with third parties.
Apple is now also reportedly hiring ex-Facebook engineer Sandy Parakilas, who called Facebook a "living, breathing crime scene" because of its misuse by Russian hackers in the 2016 election. (Parakilas is reportedly taking an internal spot as a privacy product manager at Apple, a role not likely to include public-facing statements like these in the future).
For sure, Apple's core business is different from Facebook's and Google's. Apple makes the bulk of its money selling iPhones and other computing devices, and charging consumer subscriptions for things like Apple Music. That means Apple has little reason to compile detailed information about users, and even less incentive to sell that information to third parties. But Facebook and Google make the vast majority of their money from advertising.
But putting such a big stake in privacy as a differentiator may be a risky business move.
First, Apple is just one iCloud breach away from an embarrassing incident that could damage its "what happens on your iPhone, stays on your iPhone" claims.
Scandals in the past years involving major celebrities who have had nude photographs stolen from their iCloud archives have been dangerously close. Apple has said these incidents involved username and password theft, giving criminals access to iCloud files through the celebrities' password information, not a breached iCloud database.
But iCloud relies on the same cloud-based network architecture most companies rely on, including Amazon Web Services, Google's cloud platform and Microsoft Azure. No database is impenetrable, and that includes those iCloud uses. A single instance of leaked data or an insider theft could put the company at serious reputational risk.
Third-party applications are also a potential sticking point. From a security point of view, Apple's app store has stringent safeguards in place that make it more resilient to security issues like application spoofing than competitors such as Google's Play store.
But independent iPhone apps still have the capacity to misuse data. The company routinely removes applications from the store for providing user information to unauthorized third parties. The New York Times reported earlier this year that numerous free iOS apps track detailed user information and provide it to third parties.
So Apple may also be one data-tracking scandal away from significantly denting the idea that data necessarily "stays on your iPhone."