Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Wild market swings claimed plenty of victims last week, but Cornerstone Macro's Carter Worth says Home Depot is poised for a big breakout.Options Actionread more
The conglomerate's head of investor relations released a more detailed statement about accounting practices under fire from Harry Markopolos.Marketsread more
Goldman notes that high-dividend payers are trading at their largest valuation discount in nearly 40 years.Marketsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
Amid the headlines of stores closures and retail bankruptcies, it can be tough to accept that the U.S. consumer is doing just fine.Retailread 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.