In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt.Marketsread more
Houston, we have liftoff. Fifty years ago, man landed on the moon and McDonald's and a handful of other stocks took off into the stratosphere. Two of them have more fuel in...Trading Nationread more
Amazon's PillPack was informed this week that it will soon be cut off from patient medication data, according to people familiar with the matter.Technologyread more
An Israeli cybersecurity company has reportedly developed spyware that can scrape data from the servers of Apple, Google, Facebook, Amazon and Microsoft products.Technologyread more
House Speaker Nancy Pelosi is rejecting the White House's most recent debt ceiling proposal, Bloomberg reports.Marketsread more
The country's Revolutionary Guards say they will soon releasePoliticsread more
The U.S. stock market should move higher from near-record current levels, says the co-founder of the world's largest money manager.Marketsread more
Check out the companies making headlines midday Thursday:
Johnson & Johnson — Johnson & Johnson rose 1.1% after the company reported quarterly results that beat analyst estimates. The company posted earnings of $2.10 per share, 7 cents higher than expected amid strong prescription drug sales. Johnson & Johnson's revenue also topped expectations. The multinational also narrowed their 2019 fiscal year earnings guidance to $8.53-$8.63, while analysts estimate earnings of $8.58 per share.
BlackRock — Shares of the world's largest asset manager rose over 3% after it beat estimates on its first-quarter profit. BlackRock's total assets rose 3% year-over-year to $6.52 trillion.
Netflix — Shares of Netflix rose 3% after Deutsche Bank upgraded the streaming company's rating to buy from hold. The bank cited the stock's valuation and conservative consensus subscriber estimates for the upgrade. "Netflix is becoming more of a cultural necessity for people around the world," Deutsche Bank analyst Bryan Kraft wrote in a note.
J.B. Hunt Transport Services — Shares of the trucking and transportation company dropped nearly 5% after it missed Wall Street estimates in its first quarter earnings. J.B. Hunt reported $1.09 earnings per share, compared to Refinitiv's estimated $1.26. The company cited bad weather in the Midwest as the cause of its low volume.
UnitedHealth Group — UnitedHealth Group dropped 4% after CEO David Wichmann warned that "Medicare for All" proposals pushed by Democratic lawmakers and presidential candidates would "destabilize the nation's health system. "
Chevron — The energy giant's stock rose 0.9% after a court ruled that Chevron does not have to pay $9.5 billion to the Ecuadorian government in a pollution-related case.
Western Digital — An analyst at Deutsche Bank upgraded the Western digital to buy from hold, citing an attractive valuation and conservative subscriber estimates. The company's stock rose 4.7%.
Bank of America — The banking giant's stock rose 0.1% after reporting better-than-expected earnings. However, CFO Paul Donofrio said annual net interest income would grow at about half the pace it did in 2018.