Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Check out the companies making headlines midday Monday:
Citigroup, J.P. Morgan Chase, Bank of America — The big banks all shot up more than 2 percent as interest rates jumped on strong economic data. Manufacturing activity in the U.S. rebounded from its lowest level since 2016, while the manufacturing sector expanded at its fastest pace in eight months. This lifted the benchmark 10-year Treasury yield to 2.47 percent from depressed levels last week.
Wynn Resorts — Shares of Wynn Resorts jumped 8.4 percent, the most among S&P 500 companies, after March gambling revenue from the Chinese territory of Macau was higher than analyst expectations. Revenue fell just 0.4 percent, while analysts had forecast a 6 percent drop. Wynn accrues 69 percent of its revenue from the region, according to Morgan Stanley. Shares of other casino operators like Las Vegas Sands and Caesars Entertainment also traded higher.
Redfin — Shares of the real estate brokerage firm jumped nearly 7 percent after an analyst at Piper Jaffray upgraded the stock to overweight from neutral, citing a better outlook for the housing market as interest rates remain flat.
Amazon —Amazon rose 1.9 percent after Oppenheimer raised its price target one the e-commerce company's stock to $2,085 a share from $1,975. Oppenheimer said it hiked its price target to reflect the company's market lead in artificial intelligence and cloud adoption.
Lyft —Lyft dropped 11.9 percent on its second day of trading in the public market, falling below the stock's IPO price of $72 per share. This comes after Guggenheim initiated Lyft with a neutral, saying there are "too many big assumptions to make a case for the stock."
Comscore — Comscore tumbled 29.7 percent after announcing their CEO and president were both stepping down from their roles. The former CEO cited "irreconcilable differences " with the board over the company's strategy and execution, according to the Wall Street Journal. The company has launched an internal and external search to find a permanent replacement, while Dale Fuller, a current director, will be serving as the company's interim CEO.
Activision Blizzard — The video game maker climbed 3.5 percent after Wedbush Securities named it one of its "best ideas" for 2019, noting: "Activision Blizzard is well positioned to deliver significant outperformance in 2019 and outsized growth in 2020."