These are the stocks posting the largest moves before the bell.Market Insiderread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Citi Research has an 18-item checklist to identify whether global markets are entering into a "bear period."Investingread more
Ascending triangle patterns have been appearing across the stock market, and they tend to be precursors to higher prices, says Miller Tabak's Matt Maley.Trading Nationread more
The CEO of railroad operator CSX is sounding alarm on the U.S. economy, calling it "unusual" and "puzzling" as it weighs on the company's shipping volumes.Marketsread more
"Here's what I think is true: Google refused to work for the Pentagon on artificial intelligence" and it works on AI in China, says Richard Clarke.Technologyread more
Buying stocks when they are this expensive has historically led to lower returns, data compiled by Ned Davis Research shows.Marketsread more
Microsoft's effort to catch Amazon Web Services in cloud got a major boost from a new deal with AT&T and an agreement to build out services for 5G.Technologyread more
Uber launches a shopping app with Cargo, an on-the-go convenience store. They already have been working together to put consoles selling snacks in cars.Retailread more
Hedge fund manager Kyle Bass reportedly thinks that U.S. interest rates will plummet toward zero in 2020 as the economy heads for recession.Hedge Fundsread more
If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
- source@ (Adds Aramco comment)
DUBAI, Feb 15 (Reuters) - Saudi Aramco has shut put of its Safaniyah offshore oilfield after a main power cable was cut by a vessel's anchor, a source familiar with the matter said on Friday.
The shutdown occurred about two weeks ago, the source said, adding there had been progress in repairs. The source said the situation was "under control."
Saudi Aramco said in a statement that all of its facilities and operations, including the Safaniyah offshore oilfield, were safe and normal.
Energy Intelligence first reported the incident.
Safaniyah is the largest offshore oilfield in the world, with a capacity of more than 1 million barrels per day.
Brent crude oil prices hit 2019 highs above $65 per barrel on Friday, spurred by supply cuts led by the Organization of the Petroleum Exporting Countries and the partial shutdown of the Saudi Arabian oilfield.
Brent rose as high as $65.10, pushing past the $65 mark for the first time this year, before edging back to $64.87 a barrel by 1000 GMT, up about 0.4 percent from the last close. (Reporting by Rania El Gamal; Editing by Edmund Blair and Mark Potter)