Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
Check out the companies making headlines midday Wednesday:
Qualcomm — Qualcomm surged 12.3%, adding to Tuesday's gains after news broke that the chipmaker reached a settlement with Apple over their royalty dispute, dropping all legal action between the two companies worldwide. The settlement included a payment from Apple to Qualcomm as well as a chipset supply agreement. The news sent Qualcomm stocks soaring 23% on Tuesday. This pushed analysts at Stifel, J.P. Morgan and Evercore ISI to upgrade Qualcomm.
Morgan Stanley — Morgan Stanley rose 2.6% after the bank reported better-than-expected first-quarter earnings, driven by its wealth management and fixed-income trading businesses. The company reported earnings of $1.33 per share, 16 cents above a Refinitiv estimate.
CSX — Shares of the rail transportation company rose 4% after the company reported strong first-quarter earnings. CSX earned $1.02 per share, topping a 91 cent estimate from Refinitiv. CSX's revenue also beat expectations.
Netflix —Netflix fell as much as 1.9% on Wednesday afternoon after the streaming service posted first-quarter revenue that beat analysts' estimates, but also warned that it expected light second-quarter guidance. The stock closed down 1.3% on the day.
Bank of New York Mellon — The bank's stock tumbled more than 9% on quarterly numbers that disappointed investors. Bank of New York Mellon reported a profit of 94 cents per share, 2 cents below a Refinitiv estimate. The company's revenue also missed expectations. Net interest margin, a key metric watched by investors, came in at 1.2%. Analysts polled by FactSet expected a print of 1.26%.
Abbott Laboratories — Shares of Abbott Laboratories were down 4.6% on Wednesday afternoon despite posting first-quarter earnings that beat analysts' expectations. The pharmaceutical posted adjusted earnings of 63 cents per share on revenue of $7.54 billion, surpassing analyst expectations of 61 cents per share on revenue of $7.47 billion.
PepsiCo — Shares of the beverage and snack company rose 3.8% after it beat Wall Street's estimates in its first-quarter financial report. Pepsi reported earnings per share of 97 cents, while analysts polled by Refinitiv expected a profit of 92 cents.
IBM — IBM fell 4.2% after the company's first-quarter revenue came in short of analyst expectations. IBM reported revenue of $18.18 billion, $280 million lower below a Refinitiv estimate. IBM's revenue was also down nearly 5% year over year.
Interactive Brokers — Interactive Brokers Group rose as much as 2.1% on the back of stronger-than-expected quarterly results. The company posted a profit of 64 cents per share, well above a Refinitiv estimate of 53 cents per share. The stock later closed down 2.1%, however.