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
U.S. government debt yields rose on Monday as gradual de-escalation of trade relations between the U.S. and China continued to ease investor angst.
The latest turn away from Treasurys came after Politico reported on Friday that China made a peace proposal in a phone conversation with top trade officials last week to buy an unspecified quantity of U.S. agricultural goods.
The report, citing people familiar with the talk, said the offer could hinge on whether the U.S. eases export restrictions on Chinese telecom giant Huawei and postponing the Oct. 1 round of tariffs.
The latest report on the U.S.-China trade war came just weeks after President Donald Trump delayed some tariffs on Chinese imports ahead of the Christmas shopping season to Dec. 15. Trump had announced in early August that the administration would impose 10% tariffs on the remaining $300 billion worth of Chinese goods that at the time had not yet been subject to the duties.
The White House has already imposed tariffs on $250 billion worth of imports from China. For its part, Beijing had already put retaliatory tariffs on $110 billion worth of U.S. goods and responded to the most recent threat by suspending all purchases of U.S. agricultural products.
New data out of China showed that exports unexpectedly fell in August with a large contraction for shipments to the United States. The drop indicates further weakness in the world's second largest economy and puts further pressure on Chinese lawmakers to announce new economic stimulus.
Market sentiment is also somewhat cautious on the back of a disappointing U.S. jobs report at the end of last week.
U.S. employers added a fewer-than-anticipated 130,000 jobs in August, the government said in its regular update situation on Friday. Economists polled by Dow Jones expected the labor market to add 150,000 jobs following a gain of 164,000 in July. The unemployment rate held steady at 3.7%.
Average hourly earnings — a statistic often used by economists as a leading inflation indicator — rose more than expected between August and July, as a 0.4% gain topped expectations of a 0.3% increase. The print brings wages gains up to 3.2% over the year.