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 Friday:
Broadcom — Broadcom shares dropped more than 6% after the chipmaker reported weaker-than-forecast quarterly revenue and cut its full-year outlook. The company cited a "broad-based" slowdown in demand as well as a crackdown on Huawei by the U.S. Broadcom's decline pressured other chip stocks, including Skyworks Solutions, Xilinx and Micron Technology.
Chewy — PetSmart's online business Chewy surged more than 50% on its first day of trading on the New York Stock Exchange. The online pet product retailer's IPO was priced at $22 on Thursday night and the stock opened at $36 a share. Like the recent IPOs of Uber, Lyft and Beyond Meat, Chewy is not yet profitable.
BJ's Restaurants — Shares of BJ's Restaurants rose 4.3% after an analyst at Oppenheimer upgraded the California-based chain to outperform from perform. The analyst cited a strong same-store sales trend and a low valuation relative to the restaurant chain's peers as reasons for the upgrade.
Norbord — Shares of Norbord, which manufactures wood-based panels, jumped 6% after BMO Capital Markets upgraded the company to outperform from market perform when a competitor put one of its plants on indefinite hold. BMO said this will improve the balance of supply and demand as well as prices. The bank also cited consolidation within the industry and improved performance in Europe.
Bluegreen Vacations — Shares of timeshare developer Bluegreen Vacations skyrocketed more than 36% after a settlement with Bass Pro. Bluegreen Vacations said it will continue its marketing partnership with Bass Pro retail stores and expand into 75 Cabela's retail stores.
Comcast — Telecommunications giant Comcast's stock climbed 1.7% after Rosenblatt Securities initiated it with a buy rating, citing "a compelling risk reward" based on potential for Comcast to gain greater market share and increase profits.
Facebook — Shares of the social media giant ticked 1.8% higher after the company received backing from more than a dozen companies for a new cryptocurrency. RBC Capital Markets has high expectations for Facebook's cryptocurrency announcement and said it believes the company has a "crypto opportunity."
Barnes & Noble — Barnes & Noble shares fell nearly 3% after a group of investors said the proposed deal from Elliot Management undervalues the company and that the bookseller should look for other offers.
Blue Apron — Shares of meal kit provider Blue Apron fell more than 10% after the company announced a 1-for-15 reverse stocks split, a method to boost the stock price and provide more liquidity to the stock that trades below $1. Blue Apron shares are down more than 80% over the last year.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC.