Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread 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
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Check out the companies making headlines after the bell:
Devon Energy shares surged more than 6 percent after reporting fourth-quarter earnings and plans to separate its Canadian and Barnett Shale assets. The company said these plans aim "to complete the transformation to a high-return U.S. oil growth business." The oil producer's adjusted earnings per share were 10 cents. The company also announced it is adding $5 billion to its stock buyback plan. It also raised its quarterly dividend to 9 cents per share.
Shares of Concho sunk more than 4 percent after the company reported disappointing fourth-quarter earnings. The oil and gas producer posted earnings per share of 94 cents, compared to the $1.13 forecast by analysts surveyed by Refinitiv. Revenue missed coming in at $1.07 billion, compared to the $1.19 billion expected by Wall Street. Concho lowered its 2019 capital expenditures outlook to between $2.8 billion and $3 billion, while estimates were $3.27 billion.
Shares of Cadence Design rose more than 6 percent following the release of its better-than-expected fourth-quarter earnings. Earnings per share were 52 cents, beating a Refinitiv estimate by 5 cents. Revenue also beat coming in at $570 million, compared to the estimated $550 million. The software company also issued strong first-quarter and 2019 guidance.
Shares of LendingClub moved 6 percent lower after posting mixed fourth-quarter earnings and issuing weak 2019 guidance. The loan company reported earnings of 3 cents per share on revenues of $181.5 million. Analysts estimated earnings of 2 cents on revenues of $181.9 million, according to Refinitiv.
Diamondback Energy shares initially dropped more than 3 percent after market close after the company released disappointing fourth-quarter earnings. Earnings per share were $1.21, below the $1.62 estimated by analysts polled by Refinitiv. Revenue missed at $633 million, compared to the $661 million forecast by Wall Street. The stock has since recovered its losses.