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Oil Rises as Aramco Said to Cut Output at Biggest Offshore Field

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Saudi Arabia to announce slight rise in oil, gas reserves after audit

The Kingdom plans to ship about 7.1 million barrels per day (bpd) in February, down from 7.2 million bpd in January. The falling inventories came amid rising ...

Trump says U.S. is having tremendous success with China on trade

The vice-ministerial level talks are working-level discussions and not meant to yield a final agreement. A Chinese foreign ministry spokesman, Lu Kang, announ...

Tesla Drops Cheapest Versions of Model S, Model X

The Tesla Inc . boss swept through the country this week, kicking off construction at a factory near Shanghai, hanging with the premier and chowing down on hot...

Federal workers speak about shutdown with members of Congress at Metro Airport

He said that other federal workers who inspect airlines and maintenance facilities and certify aircraft manufacturing are furloughed. The AFGE Local 554 held ...

Apple plans to launch three new iPhone models this year

This sounds familiar, but the newest features may come in the phones' cameras. The leaked render of the iPhone XI showed a square bump-like structure at the...

Another air pollution scandal: Fiat Chrysler settles with California for $500 million

FCA has agreed to pay almost $400 million in civil penalties, including $305 million to the EPA, the Department of Justice, and CARB; $6 million to Customs and ...

Fed chair Jerome Powell to speak on market concerns Thursday

In an interview at the Economic Club of Washington, Powell echoed other Fed officials' comments and said inflation was low, and under control, and that the cent...

What hope for markets in the US-China trade talks?

They agreed to maintain close contact, the statement said. Over the past two days, talks have been under way between the U.S. and China to find a way to end t...

Rare penny could be worth more than $1 million

Sarah Miller of Heritage Auctions told SWNS (via Fox): "This is the most famous error coin in American numismatics and that's what makes this so exciting". ...

White House Promises Tax Refunds Will Still Be Paid Despite Government Shutdown

Acting Director of the Office of Management and Budget Russ Vought emphasized during a Monday briefing with reporters that the Trump administration has worked t...

US Says China Willing to Buy More American as Trade Talks End

America is seeking assurances that China will buy more products from the U.S.in order to reduce the trade deficit, and it wants a fairer playing field for US ...

Oil rises by over 1% on U.S., China trade talk optimism

The negotiations, which were originally scheduled to last just two days, mark the first time that large mid-level trade delegations have met to hash out specifi...

GM rejects union proposal to save Oshawa plant

GM officials have said the fate of the US plants is subject to talks with the United Auto Workers union, which represents the USA workers at those plants. He vo...

AT&T gets mocked by Verizon, T-Mobile for fake 5G network

Nobody would blame customers for being confused, though, because the E is in a smaller font, and spaced slightly apart from the 5G. In the spirit of maintaini...

Billionaire Oracle founder Larry Ellison reveals $1bn stake in Tesla

Securities and Exchange Commission. The disclosure came after Ellison, a close friend of Tesla Chief Executive Officer Elon Musk and a fellow larger-than-life t...

Auto industry faces 'perfect storm' as sales drop

According to SMMT, anti-diesel rhetoric and negative fiscal measures took their toll, with figures for December 2018 (-26.3 per cent for diesel and -5.5 per cen...

Oil Climbs for Seventh Day as Trade Talks Fuel Demand Optimism

Beyond politics, oil markets are being supported by supply cuts started late past year by a group of producers around the Middle East-dominated Organization of...

Airports Nervous About TSA Absences If Shutdown Continues

Union officials have warned the shutdown places TSA officers in a hard position, as they are not receiving paychecks to cover the costs of working, such as comm...

Locals protest B.C. RCMP action

O'Neill also lamented how the vital question of who has authority over large swathes of northern B.C.is being fought over, 22 years after the landmark Delgamuu...

Sears plans to close doors after 126 years chairman's bid fails

One of America's most iconic businesses, which has been in business for over 125 years and still employees 68,000 people, is on the verge of liquidation after a...

Flights grounded at London Heathrow after drone sighting

A spokesperson from the airport confirmed that a drone was sighted near or within the airport, prompting the precautionary suspension of departure flights. It...

CES 2019: Intel unveils 10nm PC products for AI and 5G

Ice Lake will support adaptive sync technology and be capable of over 1 teraflop of performance, also integrating Thunderbolt 3 and Wi-Fi 6. Intel also announ...

Samsung Electronics flags near-30% slump in Q4 operating profit

It also estimated an 11 percent on-year revenue decline at KRW 59 trillion. Samsung is blaming the decline in its memory chip business. Samsung withholds ...

Hyundai's walking vehicle could save lives and even go to Mars

Earlier this week, Hyundai had released a teaser image of the Elevate electric rescue vehicle concept or in Hyundai speak, the Ultimate Mobility Vehicle (UMV)...

Ousted Nissan CEO Carlos Ghosn makes his first statement since his arrest

Sent to Japan by Nissan's alliance partner Renault SA of France in 1999, Ghosn led a spectacular turnaround at the Yokohama-based automaker over two decades...