Oil prices tumble 2%, settling at $49.16, after reports of rising output from Saudi-led oil cartel

Oil prices plunged back below $49 a barrel on Tuesday after more reports that OPEC’s output rose last month despite the cartel’s deal to slash production. A survey of analysts conducted by Bloomberg News suggested OPEC’s July output rose by 210,000...

Facebook is reportedly working on a video chat device like Amazon’s Echo Show

Facebook is currently developing a “video chat device” designed for use in the home, according to a new report from Bloomberg. The product, which could be announced next spring, includes a large touchscreen, wide-angle camera, microphones, and speakers. In...