The deal between the White House and Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren says.Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Trade tensions that could lead to layoffs and a pullback from consumers are at the center of the recession case.Economyread more
Microsoft and OpenAI announced a new partnership to build artificial general intelligence to tackle more complex tasks than current AI.Technologyread more
There's a reason the film industry doesn't measure the success of modern movies against those of the past — movie ticket inflation isn't an exact science.Entertainmentread more
A US judge presiding over multidistrict litigation alleging J&J's talc baby powder causes ovarian cancer starts hearing from experts Monday.Health and Scienceread more
Investors with $1 million or more in the market expect the pace of stock market gains to slow over the remainder of 2019. But these wealthy self-directed brokerage account...Investingread more
Air-conditioner maker Lennox International pointed to colder weather as a key reason for cutting guidance and underperforming in the second quarter.Marketsread more
Check out the companies making headlines midday Friday:
Big Lots — Shares of Big Lots jumped 13.6 percent after the company reported better-than-expected fourth-quarter earnings. The retailer's earnings came in at $2.68 earnings per share, 38 cents higher than a Refinitiv forecast. The company's same-store sales were up 3.1 percent, nearly triple Refinitiv's estimate of a 1.1 percent increase.
Costco Wholesale — Costco climbed 5.1 percent after the wholesale retailer reported quarterly earnings that beat estimates. Costco reported a profit of $2.01 per share, surpassing analyst expectations by 32 cents. The company also posted better-than-expected gross margins.
American Outdoor Brands — Shares of American Outdoor tanked 12.4 percent after the firearms company reported an operating income loss for the fourth quarter. The CEO cited "ongoing weakness in the firearms market" that has been slowing the company growth. American Outdoor also slashed its forecast for the fiscal year of 2020.
Camping World — Camping World shares jumped as much as 4.2 percent after the company posted revenue that beat expectations. Sales for the recreational vehicle rental company came in at $982 million, while analysts polled by Refinitiv expected $975 million.
El Pollo Loco — The restaurant operator's stock plummeted more than 17 percent after issuing a weaker-than-expected forecast for 2019. El Pollo Loco said it expects earnings per share to range between 70 cents and 75 cents in 2019, below a FactSet estimate of 80 cents.
Eventbrite — Shares of Eventbrite plummeted 24.55 percent after the ticketing website revealed operational challenges around its Ticketfly acquisition. Eventbrite beat revenue expectations for the fourth quarter and grew total paid ticket volume. But the North American music segment struggled in part due to challenges in integrating the Ticketfly platform into Eventbrite's existing marketplace.
Vail Resorts — The resort operator's stock rose 7 percent on the back of strong quarterly results. Vail reported earnings per share of $5.02, topping a Refinitiv estimate by 19 cents. The company's revenue also beat expectations. Vail raised its quarterly dividend as well.
Navistar International — Navistar shares dipped 3.78 percent after its quarterly earnings missed the mark. The truck maker posted earnings per share of 11 cents, 5 cents below a Refinitiv estimate. Navistar's revenue, however, topped expectations.
Exxon Mobil — Exxon shares fell more than 1 percent after an analyst at Cowen downgraded the stock and slashed his 12-month price target by 25 percent. The company's gas investment "may look prescient in future years, but we do not believe the investor community is willing to place that same bet today, " the analyst said.