Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread 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
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 midday Monday:
AT&T — AT&T rose 1.5% after noted Wall Street activist Elliott Management disclosed a $3.2 billion stake in the company. Elliott – founded by Paul Singer – said in letter to AT&T's board that it hopes to help the telecom company trim unneeded assets and it could see shares above $60 after refocusing its business strategy.
Chipotle — Shares of fast-food Mexican restaurant chain Chipotle gained as much as 2.6% following an upgrade to outperform from neutral by Wedbush. The firm hiked its 12-month price target to $980 from $780, expecting the company's digital sales to drive up sales by 30% by the end of 2021. The stock hit a new 52-week high on Monday.
Las Vegas Sands — An analyst at Deutsche Bank upgraded the casino operator to buy from hold, lifting its stock by more than 3%. The analyst said bearish sentiment around Macau's gaming market is creating an "attractive" entry point for longer-term investors.
Altice USA — Altice USA shares slipped 2.5% after the telecom company unveiled a new wireless phone service for $20 per month. CEO Dexter Goei said in a conference call the company intends to make this service profitable.
Exxon Mobil, Chevron, Noble Energy, Helmerich & Payne — Energy-related stocks rose broadly as oil prices got a boost from Saudi Energy Minister Abdulaziz bin Salman's comments on production cuts. He said a deal to lower oil production by 1.2 million barrels per day would survive. U.S. crude traded 2.7% higher. Exxon and Chevron both gained more than 0.75%. Noble Energy and Helmerich & Payne jumped 4.6% and 8.6, respectively.
Acadia Pharmaceuticals — Acadia shares surged 63.2% after the company announced an early ending to a successful Phase 3 trial for its Pimavanserin drug. The drug meets its "primary endpoint" with patients suffering from dementia-related psychosis, the company said in a release.
Energizer — Shares of the battery maker rose 7% after an analyst at Bank of America upgraded them to buy from underperform. The analyst said all the major risks facing the company are known, adding there is "confidence" in Energizer's ability to turn the business around.
Bank of America, Citigroup, J.P. Morgan Chase — Bank stocks got a lift as Treasury yields rose after China reportedly offered to increase U.S. agricultural product purchases in exchange for easing sanctions on telecom giant Huawei. The 10-year yield rose to 1.63% while the 2-year rate climbed to 1.57%. Bank of America and J.P. Morgan Chase both rose more than 2% while Citigroup advanced 4.3%.
—CNBC's Tom Franck and Maggie Fitzgerald contributed to this report.