An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread 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
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
Apple's AirPower charger has been cancelled, Apple confirmed on Friday.
"After much effort, we've concluded AirPower will not achieve our high standards and we have cancelled the project. We apologize to those customers who were looking forward to this launch. We continue to believe that the future is wireless and are committed to push the wireless experience forward," said Dan Riccio, Apple's senior vice president of Hardware Engineering in a statement.
The news comes at the end of a long week for Apple, which kicked off with an event meant to showcase the company's growing services business, including its forthcoming video service, TV+. However, that event was short on critical details, such as pricing for many of the services, leaving many onlookers puzzled about what the event was meant to accomplish.
"This is a major black eye for Apple. A product that was touted by Tim Cook himself never even makes the shelves, it's a complete shocker," Wedbush Securities analyst Dan Ives said. "Does not move the needle financially speaking but it's a hit to the golden Apple brand."
AirPower was first announced in 2017 alongside the iPhone X and iPhone 8, the first Apple phones to support wireless charging. At the time, Apple said it would launch in 2018 but it never did.
AirPower was planned to be a wireless charger for Apple products that allowed users to fill up their batteries by simply placing their device on the mat.
However, Apple users can still wirelessly charge their phones using charging mats from other makers that use the Qi wireless charging standard.
A new version of AirPods with wireless charging capability was released this week. Its packaging mentioned AirPower.
Apple shares were up about half a percentage point in late-day trading, and the announcement did not move the stock.