Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Japan's Panasonic said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company.Technologyread more
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution...Asia Marketsread more
Research analyst Adam Jonas, a long-time Tesla bull, said it's extremely unlikely that big tech firms like Apple or Amazon would buy it.Technologyread more
The disclosures come as a federal judge ruled Wednesday that two other banks — Deutsche Bank and Capital One — can give financial documents to Congress, NBC News reports.Politicsread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
The president may have more success in the court fights to come, including appeals in the cases decided this week. But the two losses are nonetheless a dramatic setback for...Politicsread more
Check out the companies making headlines midday Wednesday:
Capri Holdings — Shares of the company that owns Michael Kors, Versace and Jimmy Choo jumped 11.3 percent for the day after the company reported earnings that beat expectations. Capri Holdings also said Jimmy Choo and Versace sales were strong.
Skyworks Solutions — Shares of the Apple chips supplier surged more than 11 percent after reporting quarterly earnings per share that easily beat expectations. Skyworks also said it would repurchase $2 billion in stock.
ING — The Dutch financial group gained 5.2 percent after the company reported better-than-expected pretax earnings Wednesday. ING cited rising interest income, commissions and fees as key tailwinds in the quarter.
Electronic Arts, Take-Two Interactive, Activision Blizzard —Electronic Arts fell more than 13 percent, leading lower other major video-game stocks like Take-Two Interactive and Activision Blizzard. EA reported weaker-than-expected sales for the previous quarter, citing "intense competition. " Take-Two also reported earnings and fell 13.7 percent. Activision Blizzard dropped 10.3 percent.
Plantronics — Shares of the electronics company jumped 19.6 percent Wednesday after the company exceeded Wall Street's expectations for the fourth quarter. Plantronics beat earnings per share estimates by 17 cents.
Shutterfly — Shutterfly shares fell 2.8 percent after the company reported mixed earnings and lowered its profit and sales guidance for the first quarter. The digital photo service also announced CEO Christopher North will leave the company in August.
Snap — Snap shares rose 22 percent on better-than-expected fourth-quarter results. Analysts expected a lossof 7 cents per share, but the company reported a loss of only 4 cents. The tech company also successfully maintained 186 million daily active users for the second consecutive quarter. Average revenue per user, a key metric for the social media company, was also above estimates.
General Motors —The automaker's stock climbed more than 1 percent after the company reported adjusted earnings per share of $1.43 for the fourth quarter, topping an estimate of $1.22. GM's revenue also surpassed analyst expectations.