Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.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
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
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 before the bell:
Tiffany – Tiffany earned $1.12 per share for its latest quarter, beating estimates by 8 cents. Revenue and comparable stores were below estimates, but the luxury goods retailer reported double-digit growth in mainland China and also maintained its full-year sales and earnings outlook.
Movado – The watch maker reported adjusted quarterly earnings of 36 cents per share, missing the consensus estimate of 50 cents, and revenue also fell below Wall Street forecasts. Movado also cut its full-year outlook, citing category challenges, unfavorable currency trends, the impact of tariffs, and a volatile global environment.
JetBlue – In what Deutsche Bank labels a "catalyst call", it is recommending investors buy shares in the airline, saying a 15% pullback over the past three weeks provides an attractive entry point. It also notes that JetBlue has a good balance sheet and solid market position.
Hewlett Packard Enterprise – HPE reported adjusted quarterly profit of 45 cents per share, 5 cents above estimates, though the enterprise technology company did see revenue come in slightly below estimates. HPE also said the computer and storage markets are showing signs of softness in the current quarter.
Toyota Motor – Toyota said it would form a capital alliance with fellow Japanese automaker Suzuki, to help accelerate technological development. Toyota will take a 4.9% stake in Suzuki as part of the deal, while Suzuki will receive around 0.2% of Toyota's outstanding shares.
Intel – The chipmaker and its private equity partners may list cybersecurity company McAfee this fall at a valuation of at least $8 billion, according to a Bloomberg report.
Autodesk – Autodesk reported adjusted quarterly profit of 65 cents per share, 4 cents above estimates, while the maker of computer-aided design software also saw revenue come in above Wall Street forecasts. However, the stock is under pressure after Autodesk lowered its fiscal 2020 earnings forecast and narrowed its sales outlook, pointing to trade and economic uncertainty.
Hershey – Hershey is buying nutrition bar maker ONE Brands in a deal worth about $325 million, complementing its existing Oatmega nutrition bar business. Hershey expects to complete the deal by the fourth quarter of this year.
Papa John's – Papa John's was upgraded to "buy" from "hold" at Stifel Nicolaus, which points to the naming of former Arby's President Rob Lynch as its new Chief Executive Officer. Stifel also raised its price target on the pizza chain's stock to $60 per share from $42.
Monster Beverage – The beverage maker was named a "Top Pick" at Credit Suisse, which points to upbeat trends for Monster's Reign performance energy drink.
Chico's FAS – The clothing retailer reported a breakeven quarter on an adjusted basis, matching estimates, but revenue and comparable store sales fell below analyst forecasts.