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 Thursday:
RH — The furniture store company surged 15.8% after reporting quarterly numbers that exceeded expectations and hiked its full-year outlook. RH, formerly known as Restoration Hardware, reported earnings per share of $1.85 on revenue of $598 million. Analysts polled by Refinitiv expected a profit of $1.55 per share on sales of $584 million. The company also expects full-year earnings to range between $8.76 per share and $9.27. That's up from a prior range of $8.05 to $8.69 per share.
Red Robin Gourmet Burgers — Red Robin shares surged 31.5% as Vintage Capital, an activist investor and a shareholder in the company, expressed interest in taking the company private with a $40 per share bid.
Callaway Golf — The golf club maker's stock surged more than 14% after activist Jana Partners revealed a 9.2% stake in the company. The position makes Jana the second-largest shareholder Callaway.
Disney — The media giant rose 4.4% after a Morgan Stanley analyst hiked his price target on the stock to $160 per share from $135. The analyst said Disney's streaming service, Disney+, could boost the company's bottom line by $11 per share over the next five years.
Oxford Industries — Shares of the high-end clothing company jumped 8.4% on the back of better-than-expected first-quarter results. Oxford reported earnings per share of $1.30. Analysts polled by Refinitiv expected a profit of $1.21 per share. The company also said it "continues to mitigate risks from potential tariff increases."
American Airlines — American Airlines shares climbed 6.4% after J.P. Morgan highlighted rising domestic fares. "We are confident that knowledge of increased domestic fare resilience is not yet priced into the market," the analyst said.
Hess, Phillips 66, Schlumberger — Energy shares rose alongside oil prices after two explosions on oil tankers in the Gulf of Oman. Hess and Phillips 66 both gained more than 2% while Schlumberger rose 3.4%.
Lululemon Athletica — Shares of Lululemon rose 2.2% and reached a record high after its first-quarter earnings outpaced expectations. The apparel maker posted earnings per share of 74 cents, topping a Refinitiv estimate 70 cents. The company's revenue topped analyst estimates. Lululemon also hiked its full-year earnings and revenue guidance.
Williams-Sonoma — Shares rose 4.8% after an analyst at Gordon Haskett upgraded Williams-Sonoma to accumulate from hold, noting the company's strong same-store sales in the first quarter were not a "fluke."