Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread 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
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread 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
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
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
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
Check out the companies making headlines midday Wednesday:
Fiat Chrysler Automobiles, Ford Motor, General Motors — Shares of the companies got a boost on news that the White House plans to hold off on slapping tariffs on autos by six months. These tariffs are seen by President Donald Trump as leverage in trade negotiations with Europe and Japan. Fiat gained 1.9% while Ford and GM rose 1.2% and 0.9%, respectively.
Alibaba — Alibaba ticked 1.6% higher in midday trading following strong results reported before the bell Wednesday. The company reported its cloud business grew by 76% in the period, boosting its overall results.
Alphabet — Alphabet rose 4.1% after Deutsche Bank raised its price target on the stock to $1,400 from $1,300. Deutsche Bank said Google's parent company has one of the best ad product pipelines, making the bank more confident in Alphabet's 2020 outlook.
Zillow Group — Shares of Zillow jumped 4.5% after Guggenheim upgraded the company to buy from neutral. Guggenheim cited strength in the company's Offers business, which lets homeowners sell their houses.
Applied Materials — The chipmaker's stock rose 3.7% after an analyst at Susquehanna upgraded it to positive from neutral. The analyst said Applied Materials had secured "major memory wins."
JD.com — The Chinese e-commerce company's stock rose 2.6% after an analyst at Nomura Instinet upgraded it to buy from neutral. The analyst cited a more positive margins outlook for JD.com.
Macy's — The stock popped as much as 4% after the retailer reported better-than-expected first-quarter results, but it later fell 0.5% after the company warned it could see impact from the escalating trade war between the U.S. and China. Macy's reported earnings per share of 44 cents on revenue of $5.504 billion. Wall Street was expecting earnings per share of 33 cents on revenue of $5.505 billion, according to Refinitiv. Same-store sales, a key metric for retailers, also surpassed analyst expectations.
Salvatore Ferragamo — Salvatore Ferragamo surged 9.2% after the Italian luxury fashion company reported strong first-quarter sales. The company announced a 17.7% increase in revenues from retail channels in China. The company also reported net profit of 11 million euros.