Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Stocks in Asia were tepid in Tuesday morning trade, while investors looked toward to a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to...Asia Marketsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.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.