Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
CNBC's Jim Cramer connects the dots by reasoning that if the president were to act, he would pick a successor to Powell that would do his bidding.Economyread more
Tech trade organizations on Wednesday lashed back at a newly proposed bill by Sen. Josh Hawley, R-Mo., that would fundamentally alter the business models of tech companies...Technologyread more
Judy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%.The Fedread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
The winner will live in a centrally located apartment, receive a "salary" and explore the city to find what makes people there so happy.Liferead more
Hubert Joly announced in April he was ceding the chief executive spot to Corie Barry, a move that went into effect earlier this month. Joly will now be its executive chairman.Evolveread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
Check out the companies making headlines midday Thursday:
General Electric — GE rose 2.8 percent in trading after CEO Larry Culp expressed optimism about the company's struggling power business bouncing back in 2020 and 2021. While the company's 2019 outlook was worse than analysts expected, Culp's first forecast gave shareholders hope that GE's fortunes have begun turning around.
Facebook — Facebook shares dropped about 2 percent by midday Thursday after a widespread outage continued to affect millions of users across its platforms. A Facebook status page for developers listed the outage as lasting 22 hours Thursday at 10:30 am ET. The New York Times also reported that federal prosecutors are conducting a criminal investigations into data deals the company stuck with some of the globe's largest technology companies.
Snap — Shares of social media company Snap rallied more than 10 percent Thursday after one longtime skeptic upgraded the stock and told clients that it's set for outperformance thanks to better advertising sales. BTIG analyst Richard Greenfield now recommends investors buy the beat-up equity and thinks that the media sharing platform could see its shares soar 50 percent over the next 12 months.
Dollar General — The discount retailer fell more than 7 percent Thursday after reporting quarterly profits that missed Wall Street estimates. Dollar General also warned shareholders of lower-than-expected same-store sales growth in 2019.
Apple — Shares rose 0.7 percent after Cowen initiated coverage on the tech giant with an outperform rating and $220 12-month price target, which would represent a gain of more than 20 percent. Cowen said the iPhone segment makes Apple more like a safe bond than a stock and the mature business offers investors a stable outlook of future cash flow for the next five years.
Tailored Brands — Shares of Tailored Brands fell 24 percent after the company reported mixed fourth-quarter earnings. The retail company's same-store sales were down in the fourth-quarter, a trend which continued into the first-quarter of 2019. The company reported losses of 28 cents per share and revenues of $786 million. The company also reported a weak guidance for the first-quarter of 2019.
Take-Two —Shares of Take-Two Interactive fell 4 percent after Sony denied speculation that it was looking to acquire the videogame maker.
Genesco —Shares of Genesco fell 5.4 percent after the company reported lower-than-expected earnings. The company reported earnings of $2.18 per share, 15 cents lower than expected. The specialty retail company adjusted its 2020 fiscal guidance to $3.35-$3.75 from $3.91. The company missed revenue and comparable sales estimates.
—CNBC's Yun Li, Michael Sheetz and Nadine El-Bawab contributed to this report.