President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Check out the companies making headlines midday Thursday:
H&R Block – Shares rose 2.7 percent after the firm reported third-quarter revenue slightly above analyst estimates, according to FactSet, and gave a 2019 outlook that was inline with expectations.
Anheuser-Busch – The beverage maker's stock fell 1 percent in trading after RBC Capital Markets lowered its rating on AB InBev to sector perform. RBC said the company has "little prospect of margin growth" and is no longer "convinced that positive rating is still justified" after the stock's recent rally.
Guidewire Software – The stock jumped 4.4 percent after the software publisher beat Wall Street estimates for second-quarter earnings by 15 cents, according to FactSet. Goldman Sachs raised its price target on Guidewire's stock, citing the company's increased confidence in more software deals in 2019.
Kroger — Shares of Kroger dropped 10 percent after it reported disappointing fourth-quarter earnings that showed a drop in profits as the company continues to compete against retail giants like Walmart and Amazon. The company missed the estimates for earnings per share by 4 cents and revenue by $289 million. Kroger also adjusted its forecasts for the 2019 fiscal year to be worse than previously expected.
Barnes and Noble – Shares fell 12.7percent after the bookseller reported flat sales for the holiday season and adjusted its forecasts for the year to be lower than previous estimates. The company's third-quarter results reported that its same-store sales were up 1.1 percent, more than double estimates, and its earnings were 11 cents higher than expected. The company missed revenue estimates by $3 million.
Burlington Stores – The stock dropped 11.9 percent after the company reported mixed fourth-quarter earnings. The retailer's comparable sales were up 1.3 percent, falling short of Refinitiv's expected 3.1 percent growth. Burlington Stores' revenue missed estimates by $40 million while earnings per share were $2.83, or 6 cents higher than expected.