While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
Home Depot shares, which are valued at $228.8 billion, are up more than 21% this year.Retailread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
U.K. Prime Minister Boris Johnson told the EU that a Brexit deal can still be approved by U.K. lawmakers if Brussels agrees to scrapping the contentious Irish "backstop."read more
Baidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business.Technologyread more
Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.World Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
Take a look at some of Thursday's early movers:
Lennar posted better-than-expected quarterly profit and revenue, indicating some pickup in the housing market heading into the spring. The second-largest U.S. homebuilder by the number of homes sold said deliveries rose 20 percent in the first quarter and average selling price rose to $326,000 from $316,000.
Energy firms took a hit in pre-market trade. Chesapeake Energy was downgraded by Sterne Agee to "underperform" from "neutral" with a price target of $9, down from the present $14. Southwestern Energy was downgraded to "neutral" from "buy." Offshore drilling giant Transocean fell following a RBC target price cut to $16 from $17. The firm has a "sector perform" rating.
EBay was downgraded to "underweight" from "neutral" by Piper Jaffray's Gene Munster, who cited concern about impact to PayPal from payment options Google Wallet, Apple Pay, Facebook, Samsung and traditional banks. Munster also cut the price target to $49 from $55.
Vince reported earnings that beat forecasts on revenue that missed. The high-end clothing firm reported fiscal fourth-quarter profit of $10.5 million.
Williams-Sonoma was downgraded to "hold" from "buy" at BB&T Capital Markets, citing valuation. The high-end retailer reported fourth-quarter earnings in line with estimates on revenue that missed after the bell on Wednesday. The company also lowered guidance.
Citigroup cut chief executive Michael Corbat's annual compensation by 10.3 percent last year at $14.5 million from $17.6 million, according to SEC disclosure. The bank cited high legal costs and the firm's failure to win regulatory approval for its capital plan in last year's stress tests.
Yahoo exited the Chinese market by closing its Beijing office. The California tech firm gave control of its China operations to Alibaba Group in 2005 and stopped offering services in the country in 2013.
Wires contributed to this report.