It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Dallas Fed President Robert Kaplan would like to avoid additional stimulus but is keeping an "open mind."The Fedread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
Mark Zuckerberg has been on a selling spree in August and has unloaded $526 million worth of stock this year.Technologyread more
Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google's decision to work in China, while abandoning military contracts in the US.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread 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.