Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Check out the companies making headlines midday Wednesday:
FedEx — Shares of FedEx dropped 5.14 percent after the company reported lower-than-expected third-quarter earnings and reduced its earnings outlook for fiscal year 2019. The company reported earnings of $3.03 per share, 8 cents below a Refinitiv estimate. FedEx also reported declining international revenue due to unfavorable exchange rates and trade conditions.
General Mills —General Mills rose 3.46 percent after its third-quarter earnings beat estimates. The food company reported earnings of 83 cents per share, 14 cents above a Refinitiv forecast. General Mills also raised its earnings outlook for the 2019 fiscal year.
UBS Group — Shares of Swiss bank UBS dropped 2 percent after its chief executive spoke before a conference in London this morning. CEO Sergio Ermotti said the bank will cut an extra $300 million from 2019 costs after investment banking revenue plunged and stressed that investment banking conditions are among the toughest in years.
Nevro — Nevro shares skyrocketed more than 30 percent after the medical device company announced its CEO Rami Elghandour was stepping down from his post. Investors also cheered the company's revenue guidance for 2019.
Smartsheet — Smartsheet shares rose more than 3 percent after the software company reported a loss of 7 cents a share, which is better than the FactSet estimate of a 14 cent loss. The company also issued better-than-expected revenue guidance for the first quarter and for fiscal 2020.
AAR — AAR fell more than 4 percent after the aerospace maintenance company cut its fiscal-year earnings guidance. The company now expected earnings for fiscal 2019 to range between $2.50 and $2.57 per share, down from about $2.80.
Tencent Music Entertainment — Shares of the music streaming service fell 8 percent amid concerns the company could struggle amid rising licensing and production costs. The worries overshadowed better-than-expected quarterly revenue numbers.
Viacom — Shares of the media company fell more than 5 percent after warning that DirecTV could drop its channels if a new contract isn't reached by a midnight Friday deadline. Viacom — which owns MTV, Nickelodeon, and Comedy Central — has accused AT&T, which owns DirecTV, of abusing its powers after buying Time Warner Inc. Viacom's stock is now on pace for its worst week since early December.