The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Shares in Asia were higher in Wednesday morning trade following a positive finish overnight on Wall Street, though trade tensions continued to linger between the U.S. and...Asia Marketsread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
Shares rose as much as 11 percent to $4.14 before paring some of the gains to close nearly 8 percent up at $4.03. The surge pushes Zynga into the green for 2018.
"Star Wars is one of the most iconic franchises in the world and has engaged generations of fans for decades. As game makers and moviegoers, we're huge fans of Star Wars and are excited to create new experiences for players that bring this beloved brand to life," Zynga CEO Frank Gibeau said in a statement.
Through the partnership with Disney, Zynga — the maker of the popular game "Farmville" — has the option to create a second "Star Wars" game and assumes operations of the real-time strategy game "Star Wars: Commander," developed by Disney in 2014.
"The licensing agreement with Disney is a positive, in our view, and has the potential to expand Zynga's player base, as well as drive higher revenue and margin expansion," KeyBanc said in a note. "The win suggests that Disney also sees momentum in Zynga's underlying business and has confidence that it will develop a quality game (or two)."
Shares of Zynga are now up 10 percent in the past 12 months and just 11 percent off the stock's 52-week high.