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
Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread 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
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
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
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
Check out the companies making headlines in midday trading:
Fastenal— Shares of Fastenal fell 2.85% after the industrial supplies company posted disappointing quarterly results, mainly attributed to the trade war between the U.S. and China. The Minnesota-based company said they raised prices to offset the cost of tariffs but the prices hikes were not enough to counter overall inflation.
Weight Watchers— Shares of Weight Watchers rose 8.3% after J.P. Morgan upgraded the stock neutral from underweight and hiked its price target to $22 from $17. The firm said the first half of the year stabilization for the weight loss company should pave they way for second-half improvement.
CVS Health, UnitedHealth, Cigna— Shares of health insurers jumped after Trump Administration said it has withdrawn its proposal to eliminate rebates from government drug plans, which was a big step in the president's effort lower prescription drug prices. Shares of CVS Health rose 4%, UnitedHealth rose 5.5% and Cigna soared 9% on the news.
Delta Air Lines— Shares of Delta rose 1% after the airline raised its profit forecast for the year as travel demand continues to grow. Delta reported second-quarter earnings of $2.35 per share, higher than the $2.28 Refinitiv estimate. Revenue came in roughly in line with estimates for the quarter at $12.5 billion.
Snap— Shares of Snap, the parent company of Snapchat, rose 2% after Bank of America Merrill Lynch raised its price target to $17 from $12, citing "improving user trends" and expectations of increased growth. The increase brought the stock to a new 52-week high on Thursday.
Take-Two Interactive— Shares of Take-Two Interactive, the maker of popular video game franchises Grand Theft Auto and Red Dead Redemption, fell 0.5% after Wall Street firm Jefferies downgraded the stock to hold from buy, citing a "soft spot" between game releases.
International Paper— Shares of International Paper fell 1.4% after Citi downgraded the paper company to neutral from buy. Citi cited risk of "further price erosion" and negative earnings revisions. The firm said it prefers packaging companies to paper companies.
Allstate— Shares of Allstate ticked down 1% after Credit Suisse downgraded the insurance company to underperform from neutral, citing weather conditions and heightened price competition weighing on core home and auto margins.
— CNBC's Marc Rod and Mallika Mitra contributed to this report.