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 midday Friday:
Constellation Brands, Calavo Growers, Chipotle Mexican Grill — Shares of the Corona and Modelo beer marker fell more than 5% as investors worried tariffs on Mexican goods would increase Constellation Brands' import costs. Calavo Growers and Chipotle, meanwhile fell as the threat of Mexican tariffs stoked fears of higher avocado prices.
Ford, General Motors — Ford and GM were pressured by President Donald Trump's threat to slap tariffs on Mexican imports. Both Ford and GM have operations in Mexico that could be impacted by such levies. Ford shares declined 2.3% while GM slid 4.3%.
Williams-Sonoma — Williams-Sonoma shares soared 13.4% after the household items retailer reported better-than-expected quarterly earnings. The company posted a profit of 81 cents per share, beating a Refinitiv estimate of 69 cents per share. Same-store sales jumped 3.5%, surpassing the expected 1.7% rise.
Zuora — Shares of Zuora plunged 29.7% after the cloud company gave weak guidance for the current fiscal year. Zuora expects its full-year revenue to range between $269 million and $278 million. A Refinitiv estimate projected $291.1 million in revenue.
Red Robin Gourmet Burgers — Red Robin shares dropped 17.2% after the company reported quarterly earnings that badly missed expectations. The company posted adjusted first-quarter earnings of 19 cents a share. Analysts polled by Refinitiv expected a profit of 49 cents a share.
TiVo — TiVo shares jumped 6.5% after the company hiked its full-year 2019 earnings outlook. The company expects adjusted EBITDA to range between $175 million and $185 million. That's up from a range of $172 million and $178 million. TiVo also raised its revenue guidance for the year.
Gap — Gap sank 9.3% after the apparel retailer reported first-quarter earnings that missed estimates. The retailer reported earnings of 24 cents per share, 8 cents below a Refinitiv estimate, and revenues of $3.71 billion, falling $60 million short of estimates. Gap also posted a 4% drop in same-store sales, its biggest in three years.
Dell Technologies — Shares of computer company Dell plummeted more than 10.3% after the company's first-quarter revenue missed expectations. Dell reported revenue of $21.99 billion, missing a Refinitiv estimate of $22.24 billion. The company said it saw demand in China slow down while server sales dropped.
Big Lots — Big Lots rose more than 6% after reporting better-than-expected first-quarter results. Big Lots posted earnings per share of 92 cents on revenue of $1.296 billion. Wall Street estimated earnings per share of 70 cents on revenue of $1.295 billion, according to Refinitiv.
Genesco — Shares of Journey's owner Genesco surged more than 11% on stronger-than-forecast quarterly results. The retailer earned 29 cents per share on revenue of $495.7 million. Wall Street expected a profit of 29 cents a share on sales of $479.4 million. The company's same-store sales also crushed expectations, increasing 5%. Analysts expected same-store sales growth of 0.6%.