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
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
Roku spiked 25 percent Monday after releasing preliminary numbers for its active accounts and streaming hours for its Q4 2018.
The company handily beat the FactSet consensus estimate of 6.6 billion streaming hours, reporting an estimated 7.3 billion, up 68 percent year-over-year, according to a press release. That brings streaming hours for 2018 up to roughly 24 billion, according to Roku, up about 61 percent from 2017.
Roku also reported 27 million active accounts in its fourth quarter, up about 40 percent year-over-year. This tracks closely with analyst predictions of 27.1 million active accounts, according to FactSet estimates.
The stock ended trading at $42.18 per share Monday afternoon with a market cap of about $4.5 billion.
Roku offers streaming players and TV models that let customers stream content from various services through their devices, offering consumers a simple way to watch video content without a cable or other pay-TV subscription. Roku competes with other streaming devices like Apple TV, Amazon's Fire TV Stick and Google's Chromecast.
KeyBanc Capital Markets rated the stock as overwieght Monday with a $59 price target, saying the numbers were well above their estimates for Q4 2018. In a note, the analysts also referenced Roku's separate announcement Monday that Westinghouse Electronics will join the Roku's TV licensing program. In a press release, Roku said HD Westinghouse Roku TV models are expected in the first half of 2019, with 4K Westinghouse Roku TV models available later in the year.
"This is notable for a couple reasons. First, it is another proof point that OEMs continue to see value in the Roku operating system and validates the competitive moat," the KeyBanc analysts wrote. "Second, this is an Amazon Fire TV (smart TV) customer, which highlights Roku's strong competitive position, in our view."