An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
President Donald Trump signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread 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
U.S. Secretary of Energy Rick Perry spoke to CNBC's "Squawk on the Street" on Monday following a series of drone attacks on Saudi Arabia's oil facilities caused the largest...Oilread more
Perry says it's too soon to say whether the U.S. will need to use its emergency crude reserves to offset the surge in oil prices.Oilread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit, while some energy stocks are shooting upward.Marketsread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to analyst Ming-Chi Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Supreme Court Justice Kavanaugh from when he was a Yale University student, noting that "the...Politicsread more
Wall Street analysts are underestimating Netflix's potential user growth over the next several years as the company turns its focus to a far larger global market, according to Goldman Sachs.
As Netflix's audience transitions from in-home television viewing toward out-of-home mobile viewing, the subscriber pool should skyrocket in large emerging markets like India, analyst Heath Terry told clients Tuesday.
"Despite Netflix outperforming consensus estimates for net subscriber additions for the past five years, analyst forecasts continue to understate the company's future growth, both near and long term, in our view," the Goldman analyst wrote in a research note.
Though the Los Gatos, California-company missed big on subscriber growth in the second quarter, Netflix has topped user projections in four of the last five quarters.
Goldman believes that trend is likely to continue. It forecasts 30 million net adds in 2019 versus consensus estimates of 25 million.
Goldman Sachs reiterated its buy rating on shares as well as a 12-month price target of $470, implying 23 percent upside over the next year.
The stock was down slightly Tuesday, trading above $380 a share.