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
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
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread 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
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
U.S. meat processor Tyson Foods reported higher quarterly earnings and revenue on Monday, beating analysts' estimates, on strong demand for chicken and beef and lower costs to buy animal feed.
Shares of Tyson, the maker of Ball Park hot dogs and Jimmy Dean sausages, rose 2.5 percent to $76 in premarket trading.
Profits at meat processors and producers such as Tyson have been bolstered by declining costs for feed and as consumers buy more beef and chicken.
Feed could remain cheap, as this year's corn and soybean harvests are likely to be at or near record levels, according to U.S. Department of Agriculture figures released last week. Low-cost corn reduces costs for farmers who raise hogs and cattle, while poultry mainly eat soymeal made from soybeans.
Sales in Tyson's beef business — its largest by revenue — rose 9.5 percent in the fiscal fourth quarter ended Sept. 30, while operating income more than doubled.
Demand for chicken also boosted the company's results, with sales of the lean meat rising 8 percent.
Tyson forecast sales of $41 billion for the year ending September 2018, ahead of analysts' average expectation of $40.36 billion, according to Thomson Reuters I/B/E/S.
Tyson said it expects adjusted earnings of between $5.70 and $5.85 per share for the same period. Analysts were expecting $5.81 per share.
Net income attributable to Tyson rose almost 1 percent to $394 million or $1.07 per share in the fourth quarter. Excluding one-time items, the company earned $1.43 cents per share, ahead of analysts' estimates of $1.38.
The Springdale, Arkansas-based company's net revenue rose 10.8 percent to $10.15 billion. Analysts had expected $9.89 billion.