U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread 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.