As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread 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.