Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Check out the companies making headlines midday Friday:
Boston Beer — The Sam Adams brewer dropped 5.5% after Goldman Sachs downgraded the stock to sell from buy, citing an intensifying beer market throughout the remainder of 2019.
Anheuser-Busch InBev — Shares of Anheuser Busch Inbev rose 1.6% after Bank of America upgraded the beer maker to neutral from underperform. "We believe the shares will remain supported near-term, as the Street's concerns around its leverage subside and short-term earnings momentum improves," the bank said.
Louisiana-Pacific — Louisiana Pacific shares were up over 5.1% after Stephens upgraded the stock to overweight from equal weight, noting the company's strong balance sheet, commitment to capital discipline and "unusually high operating leverage" will help the stock.
Duluth Holdings — Shares of Duluth Holdings dropped 25.2% after the retailer reported earnings and revenues that fell short of expectations. The company posted earnings of 64 cents per share on revenues of $250.5 million, while analysts polled by Refinitiv had expected earnings of 75 cents per share on revenues of $258.2 million. The CEO cited challenges with system implementation, late deliveries of products and the slowdown of overall consumer spending during the holiday season.
Lennar — Lennar shares were up nearly 2% after J.P Morgan Securities added the company to its "Focus List," noting the homebuilder's valuation is attractive relative to its competitors.
Snap — Shares of Snap jumped 5% a day after the launch of its new advertising network, Snap Audience Network. The ad network will compete with advertising giants like Facebook, Google and LinkedIn, targeting its users beyond the social media company's main stake platform, Snapchat.
HomeStreet — The financial services company jumped more than 5% after announcing it may repurchase up to $75 million in stock. The company also announced the sale of two of its businesses.
Triumph Group — Shares of the aerospace company gained 12.3% after announcing it is exploring alternatives for its aerospace structures business. Triumph also said Citigroup has been hired as an advisor throughout the review process.
Boeing — The Dow Jones Industrial Average member fell about 1% after Reuters reported the company was looking into scenarios in which production of the 737 Max jet would slow down.