Nineteen billionaires release a letter asking the 2020 presidential candidates to support a tax on America's richest families.Economyread more
The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Sen. Bernie Sanders will announce a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the...Personal Financeread more
Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran...Marketsread more
Shares of Ulta Beauty and Sally Beauty dropped on Monday after Amazon launched its own beauty store for professionals.Marketsread more
Goldman Sachs says there's still life left in value investing, especially with the Federal Reserve set to cut rates again.Marketsread more
McDonald's says it gained market share in the informal-eating-out category for the first time in five years, thanks to its nationwide launch of fresh beef.Restaurantsread more
Six women are running for president. Five of them are career politicians. Then there's Oprah-approved self-help guru Marianne Williamson.2020 Electionsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
As candidates from Elizabeth Warren and Bernie Sanders to John Delaney jockey for position in the 2020 Democratic primary, business issues will come up in the first debates.2020 Electionsread more
Check out the companies making headlines on midday Thursday:
Signet Jewelers — Shares of Signet Jewelers plummeted more than 24 percent after reporting weaker-than-expected holiday sales. Signet, the parent company of brands like Kay and Zales, also slashed its outlooks for fiscal 2019 and the fourth quarter.
CSX — The third-largest railroad operator fell 0.4 percent after issuing 2019 revenue guidance that was below analyst expectations. CSX said it expects sales this year to grow in the low single digits after expanding by 7.4 percent in 2018.
M&T Bank — M&T Bank reported better-than-expected earnings for the fourth quarter, sending the stock up more than 5.6 percent. The bank also posted stronger-than-forecast revenue.
Fastenal — Fastenal shares posted their biggest one-day gain since July 11, rising 5.9 percent on the back of stronger-than-expected fourth-quarter results.
Keycorp — The company posted better-than-expected quarterly earnings and revenue, but its stock fell 2.5 percent amid weak loans growth and a lower-than-expected net interest margin.
Electronic Arts — Jefferies downgraded the video-game giant to hold from buy, citing slowing sales of the popular FIFA franchise as well as a slate of upcoming games that remains largely untested. EA shares pulled back 0.7 percent on the back of the downgrade.
PG&E Corp. — The embattled California-based utility rose as much as 18.3 percent before closing down 9.5 percent. PG&E's jump came after BlueMountain, a hedge fund and a shareholder of the company, said declaring bankruptcy was not necessary.