Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread 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
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
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
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
Check out the companies making headlines after the bell:
Shares of Micron rose slightly in extended trading Wednesday following the release of the company's better-than-expected second-quarter earnings. Beating on the top and bottom line, the chipmaker reported earnings per share of $1.71 on revenue of $5.84 billion. Wall Street had estimated earnings per share of $1.67 on revenue of $5.82 billion, according to Refinitiv.
Micron's revenue compares to the $7.35 billion they earned in the same period last year. Micron President and CEO Sanjay Mehrotra cited a "challenging market environment" for the revenue decline in the company's earnings release.
Williams-Sonoma shares surged as much as 10 percent after hours Wednesday based on strong fourth-quarter earnings and 2019 guidance. The retail company's earnings per share were $2.10, topping Refinitiv estimates of $1.96. Revenue was $1.84 billion, beating estimates of $1.80 billion.
Williams-Sonoma same-store sales increased 2.4 percent, compared the 2.5 percent increase forecast by analysts. The company also announced a $500 million stock buyback program. The company increased its dividend 12 percent to 48 cents. The stock has since lost most of its gains, but was still trading 2 percent higher.
Shares of Guess plummeted more than 12 percent after market close Wednesday following mixed fourth-quarter earnings. The clothing company reported $837 million in revenue, beating a Refinitiv estimate of $831 million. Earnings per share were 70 cents, compared to the 75 cents forecast by analysts.
Herman Miller shares jumped more than 3 percent in extended trading Wednesday after issuing strong fourth-quarter guidance. For the third quarter, the furniture company reported earnings per share of 64 cents on revenue of $619 million. Analysts expected earnings per share of 60 cents on revenues of $623 million.
Herman Miller expects fourth-quarter earnings per share to be between 76 cents and 80 cents, compared to the estimated 72 cents. The company sees revenue between $645 million and $665 million, versus estimates for $655 million.