Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
With uncertainty keeping a lid on U.S. stocks, Ed Clissold of Ned Davis Research says the rest of 2019 is likely to be a "choppy," but somewhat opportunistic, ride for...Futures Nowread more
Check out the companies making headlines midday Wednesday:
General Electric — Shares of the global industrial company fell 7.9 percent Wednesday, adding to Tuesday's losses after issuing a gloomy outlook in 2019. CEO Larry Culp forecasts negative net cash outflow from the industrial business this year, citing its struggling power-plant unit. J.P. Morgan analyst Stephen Tusa said in a note Wednesday that his $6 price target looks "generous " given the latest information.
Abercrombie & Fitch — Shares of Abercrombie & Fitch surged 20.37 percent after the retail company reported better-than-expected fourth-quarter results. The retailer posted an adjusted quarterly profit of $1.35 per share, beating a Refinitiv estimate by 20 cents. Its revenue also beat expectations. The company said its same-store sales jumped 3 percent, citing its strong performance in the U.S.
Snap — Snap shares fell 2.1 percent after The Wall Street Journal reported that the company paid additional severance benefits to at least three women it let go in layoffs they claimed affected women disproportionately last year.
Fitbit — Fitbit shares rose 1.86 percent after the company released four new products, including a less expensive version of its Versa smartwatch, called the Versa Lite Edition smartwatch, and a device for children ages 6 and up. This comes after the company reported weak first-quarter guidance last week.
Thor Industries — Shares of the RV-maker fell more than 4.35 percent after the company's quarterly results missed expectations. Thor reported earnings per share of 65 cents, well below a Refinitiv estimate of $1.05. Its revenue of $1.291 billion also fell short of expectations.
BJ's Wholesale Club — The membership warehouse chain rose as much as 5.6 percent after reporting better-than-expected earnings and revenue. BJ's posted earnings per share of 44 cents on revenue of $3.417 billion. Analysts polled by Refinitiv expected a profit of 36 cents a share on sales of $3.393 billion. However, the stock gave back its strong gains later in the session and closed 3.76 percent lower.
Ambarella — Shares of Ambarella gained more than 3.5 percent on better-than-expected fourth-quarter earnings. The video-chip maker reported adjusted quarterly profit of 14 cents per share, 10 cents above a FactSet estimate. Ambarella's revenue also came in above Wall Street forecasts.
United Natural Foods — Shares of United Natural Foods tanked more than 8 percent after the organic foods distributor reported a loss of $341.7 million, or $6.72 a share, in its fiscal second quarter. The company said it experienced higher cost because it incurred a $370.9 million impairment charge from its acquisition of Supervalu grocery stores.
Brown-Foreman — The parent company of Jack Daniels dropped 5.1 percent Wednesday after reporting quarterly sales that fell short of Wall Street's expectations. Sales in the fiscal third-quarter grew 3 percent but still missed FactSet consensus estimates of $911 million. Profits topped expectations.
—CNBC's Nadine El-Bawab, Yun Li and Kate Rooney contributed to this report.