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 Tuesday:
Coca-Cola — The beverage giant's stock jumped 6.1% on quarterly earnings and revenue that topped analyst expectations. Coca-Cola reported earnings per share of 63 cents on $10 billion in revenue. Analysts polled by Refinitiv expected a profit of 61 cents per share on revenue of $9.99 billion. Coca-Cola highlighted that its Zero Sugar line saw double-digit global volume growth.
Biogen — Shares of Biogen rose 4.9% after the drugmaker's second-quarter earnings beat Wall Street's estimates and the company raised its 2019 earnings forecast, noting the recent acquisition of Nightstar Therapeutics, among other things. The company reported adjusted earnings per share of $9.15 per on revenues of $3.62 billion. Analysts had expected earnings per share of $7.53 on revenues of $3.48 billion, according to Refinitiv.
United Technologies — United Technologies ticked up as much as 2.7% after the industrial conglomerate's second-quarter earnings beat estimates and the company increased its 2019 forecast. The company reported adjusted earnings per share of $2.20 on revenues of $19.63 billion, above the expected earnings per share of $2.05 on revenues of $19.55 billion analysts polled by Refinitiv had estimated. One driver for the strong quarter was "outperformance" from United Tech's Collins Aerospace division, CEO Gregory Hayes said.
Sherwin-Williams — Shares of the paints maker jumped 7.8% after the company's earnings beat expectations and it reaffirmed its full-year earnings guidance. The company's CEO also said gross margins would improve in the second half.
Travelers Cos — The insurance giant reported a weaker-than-expected profit, sending its stock down 2.1%. Travelers posted earnings per share of $2.02 while analysts polled by Refinitiv had forecast a profit of $2.28 per share. The company said higher non-catastrophe losses related to weather offset a drop in catastrophe losses.
Whirlpool — Whirlpool shares dropped 4% after CFO James Peters said in an earnings call that "negative industry trends" in China and Mexico kept its Latin America and Asia profits at the company's "low end of the range." However, Whirlpool reported earnings per share and revenue that topped analyst expectations and raised its full-year earnings guidance.
Harley-Davidson — Harley-Davidson shares rose 6.4% after the company reported earnings that beat expectations by 3 cents. The beat came even as motorcycle sales continue to decline. Harley-Davidson also told investors it will likely miss its 2019 revenue forecast.
Snap —An analyst Stifel upgraded the social media company's stock to buy from hold, noting positive growth prospects moving forward. Another analyst at Rosenblatt Securities also initiated Snap as a buy, noting its average revenue per user could double by 2023. The stock rose 4.8% ahead of its earnings report after the bell Tuesday.
Columbia Sportswear — Columbia Sportswear shares jumped 2.6% after Bank of America upgraded them to buy from neutral, citing its valuation, the strong US wholesale market, potential for further growth in the footwear market, and a "healthy and stable margin outlook."
Bloomin' Brands — Bloomin' Brands gained 1.6% after an analyst at Loop Capital initiated the stock with a buy rating, citing a "compelling" risk/reward position for the stock.
Zions Bancorporation —Zions shares dropped more than 5.3% after the bank reported disappointing earnings for the second quarter. The company earned 99 cents per share, below a $1.10 Refinitiv estimate. The company's net interest income also missed expectations. Meanwhile, nonperforming loans topped estimates.
Correction: A previous version of this story misstated James Peters' title.