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
Visa will continue to facilitate gun purchases as long as it is legal for people to buy firearms, the chief executive of the credit card giant told CNBC on Wednesday.
"We are guided by the federal laws in a country, and our job is to create and to facilitate fair and secure commerce," said Visa Chairman and CEO Alfred Kelly, the latest corporate leader to address the issue of gun control after the deadly weekend mass shootings in Texas and Ohio.
Kelly said it is the legislators who "need to do their job," and Visa's stance as a payment processor for gun purchases hasn't changed over the past year.
"The reality is that it's very hard for us to do it. ... If we start to get in the mode of being legislators it's a very slippery slope," Kelly said. "We shouldn't be determining what's right or wrong in terms of people's purchases."
The company will continue to "follow the laws of the land," he added.
"We shouldn't tell people they can't purchase a 32-ounce soda. We shouldn't tell people they can't buy reproductive drugs," Kelly said.
Kelly is not the only credit card company CEO to voice the challenges of regulating gun purchases.
Ajay Banga, CEO of Mastercard, said it is not his company's place to dictate what consumers can and cannot buy, according to a Bloomberg article. Banga does not think personal beliefs should guide how he operates his company's networks.
Meanwhile, Alan Patricof, founder of venture capital firm Greycroft, spoke out earlier this week in favor of tighter gun control laws. He told CNBC that more company leaders need to "come out and massively say, 'We've got to do something about this.'"
While Visa will continue to allow its customers to buy and sell guns, Kelly called out policymakers.
"They ought to get busy on some common sense changes to deal with the horrific problems that we've seen in the United States, not just this weekend but for years and years," he said. "It's time to start looking at mental health, the size of these magazines, the type of weapons. They've got to do something."