The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
U.S. oil production dipped in the final month of 2018, but December output still exceeded earlier projections, according to the Department of Energy.
American drillers pumped 11.849 million barrels per day in December, according to the U.S. Energy Information Administration, the department's statistics bureau. That marked a slight drop from 11.905 million bpd in November.
However, for the fifth month in a row, EIA's report on monthly oil production showed that the bureau's weekly reports underestimated the amount of oil being plumbed from U.S. fields. EIA's earlier weekly readings, issued two to three months ago, had shown December output at 11.6 million to 11.7 million bpd.
EIA's weekly data had been overestimating monthly production. In July, the bureau's weekly reports roughly matched its final monthly reading of 10.9 million bpd. Since August, when U.S. production first topped 11 million bpd, those weekly readings have fallen short of later monthly reports.
That does not mean EIA will continue to report better-than-expected monthly production figures. To be sure, the dip in December tracks with expectations for a temporary moderation in U.S. production growth.
Drillers in the Permian Basin, the epicenter of the U.S. shale oil boom, are grappling with a shortage of pipelines, making it hard to move crude from production fields to refineries and export terminals. Analysts expect the region underlying Texas and New Mexico to work through the bottlenecks in the coming months.
The December production drop also comes after a big jump in output the previous month. Between October and November, U.S. output surged by nearly 350,000 bpd.
This week, the EIA's weekly report suggested U.S. crude oil production hit an all-time high at 12.1 million bpd.