The White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
CNBC's Jim Cramer says Morgan Stanley cutting its worst-case forecast on Tesla so drastically from $97 per share appears to be a gimmick.Investingread more
U.S. aviation officials believe a bird strike may have led to the deadly crash of an Ethiopian Airlines Boeing 737 Max in March, according to a person familiar with the...Aerospace & Defenseread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
The escalating trade war between China and the U.S. could increase pressure on the overall economy, according to Boston Fed President Eric Rosengren.The Fedread more
May outlined her new Brexit proposals which are being voted on by politicians next month.Europe Marketsread more
The Time's Up Legal Defense Fund, the American Civil Liberties Union and fast-food workers coalition Fight for $15 said Tuesday that they have filed 23 new complaints against...Restaurantsread more
Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of...Real Estateread more
Japanese automakers say they generated more than 1.6 million jobs in the U.S. at manufacturing plants, dealerships and suppliers. Of those jobs, more than 94,000 people are...Autosread more
Morgan Stanley analysts said the reduction was driven by concerns around Chinese demand for Tesla products.Autosread more
Check out the companies making headlines midday Thursday:
Zoom Video Communications — Shares of the videoconferencing software company Zoom surged 72.2% on Thursday, its first day of trading. The stock traded as high as $66, compared with its initial price of $36. The bump gave Zoom a market cap of $16.7 billion.
Pinterest — Pinterest surged more than 28% in its first day of trading. The lift pushed Pinterest's market cap up $2.7 billion greater than when it was initially priced at $19 per share, which had valued it at $10 billion. The stock traded as high as $24.05.
United Rentals — United Rentals shares soared 8.1% after the equipment rental company reported strong first-quarter earnings. The company reported $4.85 per share, topping a Refinitiv estimate of $4.77 per share.
Blackstone Group — Blackstone shares surged more than 7% after the private equity giant announced it will change its status to a corporation from its current one of a publicly traded partnership. CEO Steve Schwarzman said the change will let more people buy the company's stock.
Honeywell International — Honeywell climbed 3.8% after the multinational reported better than expected first-quarter earnings. The company showed profit of $1.92 per share, 9 cents higher than expected. Honweywell cited strong demand for its aerospace parts and raised its full 2019 fiscal year forecast.
StoneCo — The Brazilian payments processor fell more than 23.7% after rival Itau Unibanco's card processing business slashed interest rates for small- and medium-sized merchants.
Travelers — Travelers rose 2.3% after the company reported first-quarter earnings that beat estimates. The insurer posted earnings of $2.83 per share, 9 cents above a Refinitiv estimate. Travelers also hiked it dividend to 82 cents per share.
Snap-on — Snap-on shares jumped 6.5% after reporting strong first-quarter earnings. The company reported $3.01 earnings per share for the quarter, surpassing Refinitiv's estimate of $2.90. The manufacturing company's sales fell 1.5% to $921.7 million, however, missing analysts estimates.
Eagle Materials — The building materials company rose more than 6.5% after announcing it is reviewing its strategic portfolio options, which may include selling itself. The company also issued better than expected preliminary earnings guidance.
Canopy Growth — Canopy Growth climbed 4% after the Canadian pot grower announced a $3.4 billion deal to acquire U.S. weed operator Acreage Holdings after cannabis gets legalized in the United States. The deal grants Canopy the right to buy all of Acreage's stock following nationwide legalization.
Alcoa — Shares of the aluminum company fell more than 3.5% after it missed Wall Street estimates in its first quarter financial report. Alcoa reported a loss of 23 cent per share, while analysts polled by Refinitiv expected a loss of 13 cents. Revenue also fell short, coming in at $2.72 billion versus $2.81 billion expected.
Atlassian — Atlassian plunged over 8.3% despite the company beating Wall Street's estimates on earnings and revenue in its fiscal third-quarter report. The software development company issued weak guidance for its fiscal fourth quarter, sending the stock down.
J.B. Hunt Transport Services — The trucking company's stock fell 1.3% after Deutsche Bank downgraded it to sell from buy, noting "it's clear from our work that the trajectory of returns is negative."
J.M. Smucker — J.M. Smucker climbed more than 1% after an analyst at Morgan Stanley upgraded the stock to equal weight from underweight. The analyst said its reinvestment strategy is paying off.
Morgan Stanley — Morgan Stanley dipped 1.5% after Citi downgraded the bank to neutral from buy, saying the stock is "fairly valued. " Morgan Stanley's stock got a 2.6% boost Wednesday from its solid first-quarter earnings, but Citi said the shares have little room to grow and is already in line with its 12-month price target of $48.
Skechers USA — The shoe maker's stock dropped more than 10% on the back of weaker-than-expected quarterly results. Skechers reported earnings of 71 cents per share, below a StreetAccount estimate of 73 cents. The company's second-quarter guidance also disappointed analysts.