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
President Donald Trump is set to offer a position on the Federal Reserve to economic commentator and former campaign advisor Stephen Moore, CNBC has learned.
The president is waiting for Moore to get through the nominee clearance process.
Trump called Moore "a very respected" economist who he has known "for a long time — and have no doubt he will be an outstanding choice!"
In an interview earlier in the day, Moore said he had not been contacted at that point about an appointment.
"I could just say that I've been talking to some people about it, but I've not been formally offered a position," Moore told CNBC. "If I were offered it, I would do it."
Moore, 59, currently is a visiting fellow at the Heritage Foundation and former Wall Street Journal editorial board member and has been a Trump supporter since the 2016 election. In October 2018, he released the book with economist Art Laffer, "Trumponomics: Inside the America First Plan to Revive Our Economy."
Moore also has been a frequent Fed critic, saying the central bank's policies of keeping short-term rates near zero and buying bonds to stimulate growth were misguided and would spur inflation.
"If I were to do it I would certainly want to try to influence the Fed to a stable dollar and pro-growth monetary policy," he told CNBC.
Moore had been a contributor with CNN since 2017, but that relationship was terminated following Friday's news, according to a tweet by Brian Stelter, the network's chief media correspondent.
Reports had circulated in late-January that Trump was considering businessman and former presidential candidate Hermain Cain for a Fed governorship. Cain has previously served as chairman of the Kansas City Fed.
There currently are two governorship vacancies on the seven-member board.
—CNBC's Kayla Tausche contributed reporting.