Copyright Star Tribune
DUBAI, United Arab Emirates — Saudi oil giant Aramco reported Tuesday a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over concerns of too much oil being on the market. In filing on Riyadh's Tadawul stock exchange, Aramco, formally known as the Saudi Arabian Oil Co., reported overall revenue of $111 billion in the third quarter, compared with $123 billion in the same period last year. South Korean President Lee Jae Myung on Tuesday called for tripling the government spending on projects for expanding artificial intelligence infrastructure and technology in a budget speech. President Donald Trump won't be going in person to the Supreme Court hearing Wednesday that will determine the fate of the tariffs at the heart of his economic and foreign policy -- but his treasury secretary says he will be there.
