U.S. stock index futures rose on Thursday as investors looked ahead to the start of a central banking summit in Jackson Hole, Wyoming.US Marketsread 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
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
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
Democratic candidates face an August 28 deadline to qualify for the September debate.2020 Electionsread more
Sterling hit a three-week high against the dollar Thursday after German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31...Europe Economyread 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
"If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the 'Trumponomics' co-author says.Economyread more
– This is the script of CNBC's news report for China's CCTV on April 29, Friday.
Welcome to CNBC Business Daily, I'm Qian Chen.
We've been watching tech earnings closely these two weeks, and now let's take a look at what we've got so far.
Netflix reported earnings on Monday that doubled analyst expectations, but shares fell in after-hours trading following light subscriber guidance.
The company posted first-quarter diluted earnings per share of 6 cents, compared to 5 cents per share in the year-earlier period. Revenue for the quarter came in at $1.96 billion, against the comparable year-ago figure of $1.57 billion. Analysts had expected Netflix to report Q1 earnings of about 3 cents per share on $1.97 billion in revenue, according to a consensus estimate from Thomson Reuters.
Alphabet shares fell in Thursday after-hours trade after the company reported earnings and revenue that fell short of analyst expectations.
The Google parent company said it saw adjusted first-quarter earnings of $7.50 per share on $20.26 billion in revenue. Analysts expected Alphabet to report earnings of about $7.97 a share on $20.37 billion in revenue, according to a consensus estimate from Thomson Reuters.
After those results were released, the company's class A shares fell by about 6 percent in after-hours trading, but then pared some of those losses.
Microsoft reported quarterly earnings missed analysts' expectations on Thursday, while revenues came basically in line.
The technology giant posted fiscal third-quarter earnings per share of 62 cents, compared to 61 cents a share in the year-earlier period. Revenue for the quarter came in at $22.08 billion, against the comparable year-ago figure of $21.73 billion.
Analysts expected Microsoft to report earnings of 64 cents a share on $22.09 billion in revenue, according to a consensus estimate from Thomson Reuters.
Billionaire investor Carl Icahn told CNBC on Thursday he has sold his Apple position as the tech giant's stock continues to shed value after disappointing earnings. "We no longer have a position in Apple," Icahn told CNBC's "Power Lunch," noting Apple is a "great company" and CEO Tim Cook is "doing a great job."
Icahn previously owned a little less than a percent of the tech giant's outstanding shares, which were down more than 3 percent midafternoon Thursday after falling more than 6 percent Wednesday. He said he made roughly $2 billion on Apple, a stock he continued to tout as "cheap" despite his reservations.
SEARCH MARKER "CCTV=BRIAN WHITE SOT"
INSERT PHONER TS: "CCTV=BRIAN WHITE TS"
STU SQ TS CCTV FRI
CLN SQ BOX 0700 04_29_2016
[BRIAN (t)WHITE, Drexel Hamilton Global Head of Technology Hardware & Software] "073230 Theres a lot of uncertainties at the end of a 6-theory cycle, so you've had this for 2 years with iphone 6 and 6s, and there's a lot of volatility in it as you get to the end of that cycle before the iphone 7 cycle begins. I think certainly stocks've been bouncing around. 073248"
Lastly, we end with two good news -- Amazon and Facebook.
Amazon.com blew past quarterly earnings estimates Thursday, as the free-spending e-commerce giant posted its fourth straight profit, boosted by a 28 percent sales increase.
Amazon reported first-quarter net income of $513 million, or $1.07 per share, on $29.13 billion in revenue. Those figures compare with a loss of 12 cents per share and $22.72 billion in sales for the previous year.
Facebook shares soaring as it beat on the top and bottom line- the company reporting a better than expect 54 bn dollars in rev. Up 52% last year. EPS of 77c coming in 15c better than projections.
CNBC's Qian Chen, reporting from Singapore.
Follow us on Twitter: