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 after the bell:
Wendy's shares fell about 4% after the company slashed its 2019 forecast as it announced plans to roll out breakfast nationwide next year. The fast food restaurant chain said it plans to invest about $20 million in its U.S. locations ahead of the launch. Wendy's said it now expects adjusted earnings per share to decline between 3.5% and 6.5% in 2019. It previously had forecast adjusted earnings per share growth between 3.5% to 7%.
Ford shares fell about 3% in extended trade after Moody's downgraded the automaker's debt rating to junk. The credit rating agency cited Ford's "considerable operating and market challenges." Moody's said Ford's restructuring plans are "expected to extend for several years with $11 billion in charges, and a cash cost of approximately $7 billion." Ford, however, "does have a sound balance sheet and liquidity position from which to operate," said Bruce Clark, senior vice president with Moody's.
Shares of Mosaic rose 1% after the fertilizer company announced a buyback of up to $250 million. Mosaic also said it will trim its Louisiana phosphate production in a move to speed up inventory reduction. The company said it expects strong fertilizer application in North America this fall as well as a "more balanced global supply-and-demand picture" next year.