Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread 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
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
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
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
Amazon just opened its biggest office building yet, but it's not in the U.S. The new 9.5-acre campus is in Hyderabad, India, and represents the centerpiece of the e-commerce giant's growing investment in the country.
India could be a major profit opportunity for Amazon. Some analysts estimate the country's e-commerce market will be worth $100 billion by 2022, as internet penetration rates continue to climb. However, Amazon faces steep competition from Walmart, which bought the domestic e-commerce powerhouse Flipkart in 2018.
Though e-commerce represents just 3% of total consumption in India, Amazon plans to adapt to the local market by expanding its brick-and-mortar presence while also customizing its e-commerce experience for consumers who may be unfamiliar with ordering items on their phones.
Amazon's efforts are complicated by new e-commerce regulations in India, which prohibit foreign companies from selling their own products like the Amazon Echo or the Kindle, and from negotiating exclusive deals with sellers.
Add it all up and Amazon has numerous hurdles to overcome in its bid to become the dominant player in world's fastest growing large economy.