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
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
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
Nokia shares have outperformed the broader European tech sector by roughly 2 percent over the past 6 months, as investors hoped the rollout of new 5G wireless networks would boost the Finnish firm's revenues. The Goldman analysts said investors might be too optimistic about Nokia given the company's own projections for a slow start to the year.
"We believe there is scope for further downside to consensus, as our new estimates now factor in lower network revenues, a more conservative margin trajectory and more muted growth in the highly profitable patents business," the analysts said.
Goldman estimates Nokia and Chinese tech giant Huawei each capture 23 percent of the global wireless networking market, compared to Ericsson with 29 percent of market share. Samsung trails well behind the top three players with 5 percent of the market.
But Samsung is stepping up its efforts to provide network equipment as super-fast 5G wireless networks start to roll out globally. Analysts at Goldman noted Samsung has already partnered with operator Verizon to provide 5G equipment in the U.S., adding the South Korean firm could double its market share in coming years. They said Samsung's gains could especially present risks for Nokia.
"We see Samsung's success in gaining share in the U.S. as major validation of the quality of its technology, particularly at Verizon, one of the world's most advanced 5G players," the analysts said.