Oil prices fell more than 5% in a sudden move on Tuesday after report said Saudi Arabia's oil production will restore to normal levels faster than initially expected.Marketsread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
Elliott Management may not see John Stankey as a future leader at AT&T, but bailing on him before he executes his integration plan has the potential for disaster.Technologyread more
Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread more
After two years working on Amazon's Rekognition technology, Humphrey Chen left to become product chief at VidMob and put the software into action.Technologyread more
Walmart likely discriminated against dozens of female workers in its stores, according to a Tuesday report from the Wall Street Journal.Retailread more
Canaccord Genuity's Tony Dwyer says Americans are spending less than ever on their fuel needs.Trading Nationread more
U.S. manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production.Economyread 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 service will debut in April with pricing to be announced closer to the launch data, NBCUniversal says.Technologyread more
The grounding in mid-March following two fatal crashes of the jet has run up legal fees for the Southwest Airline Pilots Association, which has had to comply with records requests as part of the Justice Department's investigation. Pilots have also lost wages over the last three months since the Federal Aviation Administration and other regulatory agencies said the Max cannot fly.
The pilots' union says it will be "seeking compensation and reimbursement from Boeing for every dollar legally available to be challenged, when the Max issues are resolved." The union hasn't said exactly how much the grounding of the Max has cost pilots. A person familiar with the matter estimates Southwest pilots lose $8.5 million per month not flying the Max.
Southwest was the launch airline for the 737 Max and has 34 of them in its fleet, the most of any airline in the world. The airline recently pushed back the date when it plans to resume Max flights to Sept. 2. While that date was set by the airline's management, the airline's pilots union says "there is no accurate estimate of when the Max will return to service."
At the Paris Air Show this week, Boeing CEO Dennis Muilenburg told CNBC he will not give a target date for the return of the Max, largely because it is unclear how long it will take regulatory agencies to recertify the plane. "We'll get it back in the air when it's safe. That is the most important thing here," said Muilenburg.