Talk about 5G is everywhere right now, from the trade war with China to the ban on Huawei. Here's what 5G is and why it matters.Technologyread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
A slew of retail earnings the past two weeks makes it clear that while Americans continue to shop, they aren't ringing registers at department stores.Retailread more
Stocks that would benefit from a federal infrastructure spending program fell after President Trump ended a meeting on infrastructure spending with Democratic leaders.Market Insiderread more
Controversial lawyer Michael Avenatti was indicted on charges of trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with...Politicsread more
Despite the president's claim that "you can't investigate and legislate simultaneously," certain must-pass pieces of legislation, including a debt ceiling hike, will...Politicsread more
Moody's said it's downgrading the outlook for Equifax from stable to negative, citing ongoing fallout from the company's 2018 data breach.Technologyread more
Amazon shareholders demanded the company to take action on a number of different issues during its annual shareholder meeting on Wednesday.Technologyread more
The House adjourned early this morning, even as Democrats were staging a marathon sit-in protest over gun control legislation. Republicans sent lawmakers on recess until July 5, following a vote to approve $1.1 billion to combat the Zika virus. (USA Today)
The popular, needle-free FluMist influenza vaccine, made by MedImmune, has not protected kids or adults against influenza for years and should not be used this coming flu season, according to the Centers for Disease Control and Prevention. (NBC News)
A new round of crash tests show passengers in the front seat of some SUVs involved in serious collisions may not get the same level of protection as drivers. These latest tests could force automakers to make further modifications. (CNBC)
Fiat Chrysler (FCAU) is speeding up its software fix for 1.1 million recalled vehicles for rollaway risks, like the recalled Jeep Grand Cherokee involved in the death of actor Anton Yelchin. The automaker starts notifying owners today. (Reuters)
The mayor of Paris claims Amazon (AMZN) only informed French authorities about the launch of its new food delivery service, Amazon Prime Now, a couple of days before it went into practice. (CNBC)
In his first international trip since becoming the presumptive GOP nominee, Donald Trump is checking on a pair of his championship golf resorts in Scotland today. Some Republicans worry Trump may be divided between his businesses and his campaign. (AP)
In the first U.S. venture-backed tech IPO of 2016, Twilio (TWLO) priced its new offering at $15 per share, above the $12-to-$14 range the cloud software developer proposed last week. Twilio is set to begin trading today on the New York Stock Exchange.
The Labor Department releases its weekly look at initial jobless claims at 8:30 am. ET. The Commerce Department issues its May report on new home sales at 10 a.m. ET. The Conference Board is out with its May index of leading economic indicators at 10 a.m. ET.
Accenture (ACN) and BlackBerry (BBRY) are among the few companies out with earnings this morning, while restaurant chain Sonic (SONC) issues its quarterly numbers after this afternoon's closing bell.
Red Hat (RHT) earned an adjusted 50 cents per share for its latest quarter, matching Street estimates, with revenue also above forecasts. However, the distributor of Linux software warned on outlook. Red Hat also announced a $1 billion share repurchase program.
Bed Bath & Beyond (BBBY) reported quarterly profit of 80 cents per share, 6 cents below estimates. Revenue also missed, as comparable store sales fell by 0.5 percent. However, the company did affirm its prior profit outlook for the full year.
Barnes & Noble (BKS) said sales at existing stores should be flat to up 1 percent for the current fiscal year, as the bookstore operator moves to increase customer traffic. That's a better outlook than some analysts had been expecting.
Bank of America (BAC) is near a settlement with the SEC in a case involving the safeguarding of client accounts, according to the Wall Street Journal. The settlement is expected to be in the range of $400 million to $450 million.
Royal Bank of Scotland (RBS) has gotten a number of bids for its Greek shipping finance business, according to Reuters, in a possible sale that could be worth up to $3 billion.
General Electric (GE) reached an agreement to sell its French consumer credit unit, GE Money Bank, to private equity firm Cerberus, pending approval by regulators.
The CEO of Boeing (BA) said demand for passenger jets is getting stronger, telling French newspaper Le Figaro that there will be demand for 38,000 new jets over the next 20 years.
Viacom's (VIAB) ousted directors can remain on the board for now, according to a Delaware court judge's decision, until a final determination is made on controlling shareholder Sumner Redstone's mental competence.
The NHL is making a big bet on Las Vegas, awarding a hockey franchise to billionaire businessman Bill Foley for the 2017-2018 season. The new team will play in the $375 million T-Mobile Arena, which opened just off the Vegas Strip in April. (AP)
The NFL and Cirque du Soleil are joining forces, in an attempt to attract young and international fans. Together, the pro football league and acrobatics show will open an interactive exhibit and theater in New York City next year. (NY Times)