British Prime Minister Theresa May is expected to make a final attempt at persuading lawmakers to back her "new" Brexit deal on Wednesday but the agreement — and May's...Europe Politicsread more
Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 24.34 riyals ($6.49) in early deals in Riyadh.IPOsread more
There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.Politicsread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Check out the companies making headlines midday Thursday:
Apple — Apple shares climbed over 3.5 percent after Needham upgraded the stock to strong buy from buy ahead of a launch event on March 25. The technology giant is expected to introduce its video streaming service at the event, challenging market leaders such as Netflix and Amazon. Citigroup also lifted its price target on Apple to $220 from $170.
Biogen — Shares of Biogen plummeted 29.2 percent after the company ended the trial for an Alzheimer's drug it was developing in partnership with a Japanese pharmaceutical company. The biotechnology company's drug was expected to be a blockbuster, but the company said in a statement that they decided to stop Phase 3 of the trial after an independent group's analysis showed the trials were unlikely to "meet their primary endpoint."
Micron Technology — Shares of Micron Technology rose 9.6 percent after the memory-chip maker reported better-than-expected second-quarter earnings on Wednesday. The company reported earnings of $1.71 per share, 4 cents higher than a Refinitiv estimate.
Levi Strauss — Levi Strauss soared more than 31 percent after the company began trading on the New York Stock Exchange. Shares opened at $22.22 after the company's IPO priced at $17 a share.
Conagra Brands — Shares of Conagra Brands rose 12.8 percent after the company reported better-than-expected third-quarter earnings. The company also said it raised prices to accommodate higher transportation and commodity costs.
Darden Restaurants — Shares of the Olive Garden parent rose more than 6 percent after the company reported earnings that topped analyst expectations, thanks to strong sales growth. The restaurant company also raised its earnings per share to a range of $5.76 to $5.80 from a prior outlook of $5.60 to $5.70 per share.
Qorvo — Shares of the Apple supplier rose more than 6 percent after Goldman Sachs upgraded the stock to buy from neutral. Goldman cited three reasons for the upgrade, including stabilization in the smartphone market and the "growing" 5G infrastructure business.
Guess — The clothing company dropped more than 12 percent on the back of weaker-than-expected earnings. Guess reported adjusted earnings per share of 70 cents. Analysts polled by Refinitiv had forecast a profit of 75 cents.