The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread 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
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
Check out the companies making headlines after the bell:
Shares of L Brands surged nearly 13% in extended trading on Wednesday after the parent company of retailers Victoria's Secret and Bath & Body Works reported first-quarter results that surpassed expectations. The company reported earnings of 14 cents per share on revenue of $2.63 billion. Wall Street had expected the company to break even, and to report revenue of $2.56 billion, according to Refinitiv consensus estimates. L Brands raised the lower end of its guidance for the current fiscal year.
L Brands reported flat comparable sales, while analysts had expected sales to fall 1.3%. Comparable sales of Bath & Body Works, alone, jumped 13%, compared with the expected 5.2% increase.
Brazil-based cosmetics firm Natura announced it will buy Avon Products in an all-stock deal, and shares of Avon soared 16% after hours. The deal values cosmetics company Avon at approximately $1.6 billion. The stock had already gained 9% during the regular trading session.
NetApp stock plunged more than 6% after the data services and management company reported earnings for its fiscal fourth quarter that missed estimates on the top and bottom lines, as well as weak first-quarter guidance. NetApp reported earnings of $1.22 per share and revenue of $1.59 billion, while analysts had expected earnings of $1.26 per share and revenue of $1.64 billion, according to Refinitiv consensus estimates.
The company expects earnings per share between 75 cents and 86 cents for its fiscal first quarter, lower than the Street estimate of $1.04 per share.