Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread more
The move is the latest sign of the blurring boundaries between big tech and big finance amid challenges for both industries.Financeread more
Pizza Hut is also talking with Kellogg and other suppliers about the plant-based meat trend.Restaurantsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
New court filings reveal that Elon Musk's family office spent tens of thousands on a private investigator to dig up details about Thai cave rescue hero Vernon Unsworth, after...Technologyread more
Check out the companies making headlines midday Wednesday:
General Electric — Shares of the global industrial company fell 7.9 percent Wednesday, adding to Tuesday's losses after issuing a gloomy outlook in 2019. CEO Larry Culp forecasts negative net cash outflow from the industrial business this year, citing its struggling power-plant unit. J.P. Morgan analyst Stephen Tusa said in a note Wednesday that his $6 price target looks "generous" given the latest information.
Abercrombie & Fitch — Shares of Abercrombie & Fitch surged 20.37 percent after the retail company reported better-than-expected fourth-quarter results. The retailer posted an adjusted quarterly profit of $1.35 per share, beating a Refinitiv estimate by 20 cents. Its revenue also beat expectations. The company said its same-store sales jumped 3 percent, citing its strong performance in the U.S.
Snap — Snap shares fell 2.1 percent after The Wall Street Journal reported that the company paid additional severance benefits to at least three women it let go in layoffs they claimed affected women disproportionately last year.
Fitbit — Fitbit shares rose 1.86 percent after the company released four new products, including a less expensive version of its Versa smartwatch, called the Versa Lite Edition smartwatch, and a device for children ages 6 and up. This comes after the company reported weak first-quarter guidance last week.
Thor Industries — Shares of the RV-maker fell more than 4.35 percent after the company's quarterly results missed expectations. Thor reported earnings per share of 65 cents, well below a Refinitiv estimate of $1.05. Its revenue of $1.291 billion also fell short of expectations.
BJ's Wholesale Club — The membership warehouse chain rose as much as 5.6 percent after reporting better-than-expected earnings and revenue. BJ's posted earnings per share of 44 cents on revenue of $3.417 billion. Analysts polled by Refinitiv expected a profit of 36 cents a share on sales of $3.393 billion. However, the stock gave back its strong gains later in the session and closed 3.76 percent lower.
Ambarella — Shares of Ambarella gained more than 3.5 percent on better-than-expected fourth-quarter earnings. The video-chip maker reported adjusted quarterly profit of 14 cents per share, 10 cents above a FactSet estimate. Ambarella's revenue also came in above Wall Street forecasts.
United Natural Foods — Shares of United Natural Foods tanked more than 8 percent after the organic foods distributor reported a loss of $341.7 million, or $6.72 a share, in its fiscal second quarter. The company said it experienced higher cost because it incurred a $370.9 million impairment charge from its acquisition of Supervalu grocery stores.
Brown-Foreman — The parent company of Jack Daniels dropped 5.1 percent Wednesday after reporting quarterly sales that fell short of Wall Street's expectations. Sales in the fiscal third-quarter grew 3 percent but still missed FactSet consensus estimates of $911 million. Profits topped expectations.
—CNBC's Nadine El-Bawab, Yun Li and Kate Rooney contributed to this report.