The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread 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.