The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Shares of Thor Industries soared over 13 percent in midday trading Tuesday after the RV builder reported robust earnings and upped its future expectations.
Thor's record EPS of $2.43 for first quarter 2018 crushed Wall Street's expectations by 59 cents. The company's stock is on track to have its best day since Aug. 3, 2012, when Thor closed up more than 13 percent.
"The breadth of our offerings … are attracting an ever-wider array of customers, including Baby Boomers, Gen-X'ers and Millennials, to take part in the RV-lifestyle," CEO Bob Martin said in a statement.
The recreational vehicle maker is seeing demand for its towable products continue to rise, as well as for its motorized vehicles. Martin credits this to the overall industry's demand remaining "exceedingly strong," saying he sees the growth continuing "for the foreseeable future."
Kayne Anderson Rudnick analyst Chris Wright told CNBC that Martin is right: lightweight, cheaper towable products combined with an increase in younger buyers — both millennials and new families alike — have "been the big driver for the past few years in the industry."
"National parks' visitation statistics are exemplary of this: since 2014, on an aggregate, the amount of visitation is hitting all-time highs every single year," Wright said. "That strong uptick has tracked along with Thor's results."
SunTrust analyst Michael Swartz wrote in a note Tuesday that Thor's quarter "came in much stronger-than-expected by nearly any metric." With a buy rating on Thor's stock, Swartz also says the current momentum will continue, while raising SunTrust's price target on the shares to $165.
Thor stock has risen nearly 52 percent this year, trading at over $152 a share on Tuesday.