Stocks traded higher on hopes the Fed chief will confirm expectations of easier monetary policy at a central banking summit this week.US Marketsread more
A Volkswagen spokesperson called the report that CEO Herbert Diess is interested in buying a stake in Tesla "completely unfounded."Technologyread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
Kraft has filed a contempt motion against the CFTC over a press release announcing the $16 million fine to settle claims of manipulating wheat prices.Food & Beverageread more
Michael Burry thinks GameStop still has upside as Sony's and Microsoft's upcoming consoles will likely have physical optic drives.Investingread more
Target shares closed Wednesday up more than 20%, after the retailer reported impressive profit growth and a spike in traffic that surpassed analysts' expectations.Retailread more
Yahoo has received multiple bids at or above $5 billion for its core business, CNBC has learned.
To be sure, it's a mystery what exactly is up for auction — each bid could contain slightly different assets, including parts of intellectual property and real estate — and bids will shake up again as the next round of the auction commences. But there are bids of $5 billion or more for the core business, excluding any real estate or patent portfolio, according to people familiar with the situation.
Verizon Communications bid more than $3.5 billion, making it among lower bids received by the technology company.
Yahoo's board of directors is planning on meeting Friday to review the second round of bids for its core business, as it struggles to separate its stake in Asian assets like Yahoo Japan and Alibaba amid pressure from activist investors.
The best bids will go on to a final round starting next week, CNBC has learned. Private-equity firms and strategic bidders will enter final round of bidding, which is expected to conclude by mid-July.
What are shares of Yahoo doing? (Get the latest quote here.)
— Reporting by CNBC's David Faber.