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 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 sectors this year, spiked 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
"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
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread 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
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Several Wall Street firms told their clients in recent months they were worried Apple could delay the release of the next iPhone.
But analysts are now saying the concerns were overstated after the smartphone maker gave a better-than-expected financial forecast for the September quarter during its earnings report Tuesday.
Apple shares opened up 6 percent Wednesday morning to a new all-time high. The stock closed up 5 percent at the market close.
"The outlook implies that fears of an iPhone X launch delay, and/or limited availability of the device, may have been overblown," Piper Jaffray analyst Michael Olson wrote Wednesday in a note to clients. "We recommend owning AAPL due to growing anticipation around iPhone X and a favorable trajectory for services revenue."
Olson reaffirmed his overweight rating and raised his price target for Apple to $190 from $158, representing 27 percent upside from Tuesday's close.
The tech giant reported strong fiscal third-quarter earnings Tuesday. Its sales guidance for the next quarter also came in above expectations at between $49 billion and $52 billion versus the $49.2 billion Thomson Reuters analyst consensus.
As a result, Morgan Stanley raised its September quarter iPhone unit estimate significantly to 43 million from 37 million.
"Despite investor concerns that OLED iPhone shipments could push to Nov/Dec or even next year, management guided September quarter bullishly and sounded confident on upcoming product launches this fall," Morgan Stanley analyst Katy Huberty wrote Wednesday. "We increase our September quarter iPhone unit shipment estimate … in part due to higher overall demand but also due to some of the new products likely contributing later in the quarter."
Huberty maintained her overweight rating and $182 price target on Apple shares.
JPMorgan predicts the stock's bounce on its strong guidance will be sustainable going forward.
"The midpoint of Apple's FQ4 revenue guidance at $50.5bn was a significant 7.5% ahead of our estimate," JPMorgan analyst Rod Hall wrote Wednesday. "The stock is rebounding to 'pre delay' levels on this though we believe the investment story runs through 2018 as pent up demand for a refreshed iPhone portfolio drives volumes for an extended period."
Hall reiterated his overweight rating and increased his price target to $176 from $165.
Apple has been one of the best-performing large-cap stocks in the market. Its shares rallied 29.6 percent year to date through Tuesday versus the S&P 500's 10.6 percent return.
— CNBC's Michael Bloom contributed to this story.