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
In a private call with Morgan Stanley clients on Wednesday, research analyst Adam Jones, a long-time Tesla bull, said it's extremely unlikely that big tech firms like Apple or...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
"Target's gutsy decision to make its stores the centerpiece of its fulfillment system has turned out to be a brilliant move," Jim Cramer says.Mad Money with Jim Cramerread more
A slew of retail earnings the past two weeks makes it clear that while Americans continue to shop, they aren't ringing registers at department stores.Retailread more
Check out the companies making headlines before the bell:
General Electric — Bank of America/Merrill Lynch cut its price target on GE to $12 per share from $13 a share after GE CEO Larry Culp said the company's industrial cash flow would be negative this year. J.P. Morgan Securities analyst Stephen Tusa, one of the Street's most bearish GE analysts, said that his current $6 price target "looks generous" in light of the information presented by Culp yesterday at his company's investment conference
BJ's Wholesale — The warehouse retailer reported adjusted quarterly profit of 44 cents per share, beating estimates by 8 cents a share. Revenue also beat forecasts, while a comparable sales increase of 2.9 percent matched the consensus forecast of analysts surveyed by Refinitiv.
Thor Industries — The recreational vehicle maker posted adjusted quarterly profit of 65 cents per share, missing the consensus estimate of $1.05 a share. Revenue also came in below Wall Street forecasts. Thor said a primary issue during the quarter was balancing production with market demand, with wholesale shipments declining relative to retail sales as dealers worked through existing inventories.
Abercrombie & Fitch — The clothing retailer beat estimates by 20 cents with adjusted quarterly profit of $1.35 per share, while revenue also beat forecasts. Comparable-store sales rose 3 percent, doubling the consensus estimate of analysts surveyed by Refinitiv.
Dollar Tree — The dollar store operator came in a penny a share ahead of consensus, with adjusted quarterly profit of $1.93 per share. Revenue also topped forecasts, and Dollar Tree announced a store optimization program.
Urban Outfitters — Urban Outfitters reported adjusted quarterly profit of 83 cents per share, 4 cents a share above estimates. Revenue essentially matched estimates. However, the clothing retailer said 2019 had gotten off to a slower than expected start, due to both colder weather and what it called its own "costly mistakes" in its spring fashion lines.
Ross Stores — Ross Stores beat estimates by 7 cents ahsre, with profit of $1.20 per share for its latest quarter. The discount retailer's revenue beat estimates, however Ross also said it is taking a "prudent approach" to 2019, noting tough comparisons and a competitive retail landscape.
Logitech — Logitech raised its long-term earnings targets, and the maker of computer peripherals also gave an upbeat sales forecast for the fiscal year ending in March 2020.
Philip Morris — The tobacco producer circumvented an India ban on foreign direct investment by paying manufacturing costs to its Indian partner, according to internal company documents seen by Reuters.
Ambarella — Ambarella reported adjusted quarterly profit of 14 cents per share, 10 cents a share above estimates. The chipmaker's revenue also came in above Wall Street forecasts. Ambarella makes high definition video chips.
Newmont Mining — Newmont CEO Gary Goldberg and Barrick Gold CEO Mark Bristow had a "constructive" meeting Tuesday night in New York, according to a Newmont executive, and the two are likely to meet again. Newmont has rejected a takeover bid from Barrick, with Barrick subsequently proposing a possible joint venture involving Nevada properties.
TripAdvisor — Cowen downgraded the travel website operator to "underperform" from "market perform," pointing to a slow start to 2019, the prospect of fewer visitors, and a shift by younger demographics to Google for travel help.
Mylan, Teva Pharmaceutical — Morgan Stanley upgraded Mylan to "overweight" from "equal-weight," while taking the opposite action on Teva. The firm said that all the factors leading to Teva's premium valuation have been priced into the stock. In contrast, Morgan Stanley said rival generic drug maker Mylan is trading near historical valuation lows and that its business prospects appear set to improve.