The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
Acuity Brands shares dropped nearly 5 percent Wednesday after the company posted earnings and revenue that missed Wall Street expectations.
The company posted earnings of $2.21 a share on revenue of $925.5 million, missing expectations of $2.39 a share on revenue of $947 million, according to analysts polled by Thomson Reuters.
Despite these missed projections, the lighting and fixtures company still reported overall growth in fiscal 2016. Acuity's net sales increased $584.6 million, or 22 percent, to $3,291.3 million. Also, the adjusted operating profit for fiscal 2016 increased $134.1 million, or 32 percent, to $555.2 million.
"We were very pleased with our achievement of record fourth quarter and full-year results" Acuity Brands CEO Vernon Nagell said in a press release, adding he remains "bullish."
He also spoke on the possibility of future profitable growth.
Acuity Brands stock closed at $252.99 a share on Tuesday. On Wednesday following the report's release, the stock fell as low as $228 a share—the lowest in over three months.