Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."CNBC Disruptor 50read more
Apple said in a letter released Thursday that tariffs could hurt its ability to compete globally.Technologyread more
Mortgage rates have been falling steadily since the last week of April, and that may be reigniting home price appreciation. The lower the rate, the more purchasing power...Real Estateread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
On Thursday, an Iranian surface-to-air missile shot down a U.S. military surveillance drone over the Strait of Hormuz in an "unprovoked attack," U.S. officials said.Politicsread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Check out the companies making headlines midday Friday:
Papa John's — The third-largest pizza delivery company saw its stock fall 8.9 percent after Reuters reported Papa John's would not sell itself, despite offers from private equity firms. The firm's offers reportedly did not meet Papa John's valuation expectations.
Exxon Mobil — Shares of Exxon Mobil rose 3.6 percent after the energy giant reported better-than-expected earnings. The company's upstream business, which explores for and produces oil and gas, posted a strong profit. Exxon's downstream business, meanwhile, nearly tripled.
Chevron — Shares of Chevron gained 3.2 percent after the company reported quarterly profits that topped Wall Street's expectations, as the company's fossil fuel production hit an all-time high and executives forecast solid output gains for 2019.
Merck — Shares of Merck climbed 2.7 percent after it reported fourth-quarter earnings that beat Wall Street estimates. Adjusted per-share earnings came at $1.04, a penny above consensus. Sales of the company's Keytruda cancer drug jumped 66 percent from a year earlier.
Amazon — Shares of the e-commerce giant fell more than 5 percent after the company provided a 2019 forecast that worried investors about costs, as well as the possibility of impacts from regulations in India. Amazon CFO Brian Olsavsky said the company "expects investments to increase relative to 2018. "
Yum China — Yum China shares jumped nearly 8 percent and posted their best day since July 26, after the company reported earnings per share of 12 cents, topping an estimate of 8 cents. The company also posted better-than-expected same-store sales.
Honeywell —Honeywell reported earnings per share and revenue that topped analyst expectations, sending its stock up 0.75 percent. The industrial giant also issued a profit forecast that was above expectations.
Proofpoint — The enterprise security company jumped 12.4 percent Friday after beating analysts estimates for fourth-quarter results. The firm reported 51 cents adjusted earnings per share, well above the 35 cents analysts were expecting.
Cigna, CVS Health, UnitedHealth Group – Shares of prescription drug companies fell after the White House called for a ban on "backdoor deals " that the companies pay to middlemen under the Medicare system. Cigna was hit the hardest, with shares falling about 3 percent.
Deckers Outdoor — Deckers Outdoor's stock surged a whopping 10.46 percent after the company posted earnings of $6.59 per share for its latest quarter, well above the consensus estimate of $5.30 per share. The maker of Ugg boots also raised its full year forecast.
Symantec – The cybersecurity software company was the biggest gainer on the S&P 500 on Friday, rising 8.99 after beating analysts' forecasts by 5 cents a share. Symantec executives said the quarter was helped by a strong performance by the company's consumer business. The firm also announced the departure of Chief Financial Officer Nicholas Noviello.