Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The embattled leader is expected to outline a timetable for her successor to be chosen.Europe Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Assets under management at Swiss private bank Julius Baer rose 12% in the first four months of 2019 to a record 427 billion Swiss francs ($425.34 billion).Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Check out the companies making headlines before the bell:
Cigna – The health insurer's $54 billion deal to buy pharmacy benefits manager Express Scripts will be opposed by activist investor Carl Icahn, who issued an open letter to Cigna shareholders. Icahn calls the deal a "folly" and that it carries a "ridiculous" price tag, and adds that Amazon.com represents an "existential threat" to pharmacy benefit managers.
Bausch Health – The company formerly known as Valeant Pharmaceuticals beat Street forecasts on both the top and bottom lines for its latest quarter, as well as slightly raising its adjusted full-year revenue forecast.
Mallinckrodt – The British drugmaker earned an adjusted $1.78 per share for its latest quarter, 30 cents a share above consensus estimates. Revenue also beat analysts' forecasts, and the company raised its full-year sales growth guidance.
Dean Foods – The dairy producer matched forecasts with adjusted quarterly profit of 16 cents per share, with revenue beating forecasts. However, the company slashed its full-year earnings forecast due to non-dairy cost inflation, as well as other factors.
Marriott – Marriott reported adjusted quarterly profit of $1.73 per share, beating the consensus estimate of $1.38 a share. The hotel operator's revenue came in shy of Street forecasts, however, and the company also gave a weaker-than-expected forecast for current-quarter revenue per available room – a key hotel industry metric – although it kept its full year forecast for that metric unchanged.
Hertz Global – Hertz lost 19 cents per share for its latest quarter, smaller than the 24 cents a share loss anticipated by Wall Street. The car rental company's revenue beat estimates, and Hertz said it saw growth across all of its business segments.
Etsy – Etsy fell a penny a share short of forecasts, with quarterly profit of 3 cents per share. The online crafts marketplace operator's revenue beat estimates and it also boosted its full-year guidance for revenue and gross merchandise sales.
Weight Watchers – Weight Watchers reported quarterly profit of $1.10 per share, 13 cents a share above estimates. The weight loss company's revenue beat forecasts. Weight Watchers reported a 28 percent year-over-year jump in subscribers, and raised its full year earnings forecast.
Zillow – Zillow came in 3 cents a share above estimates, with adjusted quarterly profit of 13 cents per share. The real estate website operator's revenue missed forecasts. Zillow also issued weaker-than-expected full-year revenue guidance. Separately, the company announced it was buying Mortgage Lenders of America, currently a Zillow advertiser, for an undisclosed amount.
Twilio – Twilio earned an adjusted 3 cents per share for its latest quarter, compared to analysts' expectations of a 5 cents per share loss. The cloud communications company's results were helped by growth in its voice and messaging products, among other factors.
Alcoa – Alcoa is asking the U.S. for an exemption on aluminum purchased from Canada. Alcoa said no U.S.-based aluminum producer can meet its specifications and quality requirements for aluminum used in the manufacture of beverage cans.
Allstate, Progressive – The two insurers were rated "outperform" in new coverage at Credit Suisse, saying they are positioned to benefit from telematics technology that tracks precise information about the cars and drivers they insure.