The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
Check out the companies making headlines midday Tuesday:
Coca-Cola — The soda-maker's stock rose 1.7% after the company reported better-than-expected quarterly results. Coca-Cola said its earnings were boosted by sales of water, sports drinks and zero-sugar beverages.
United Technologies — The Dow component closed more than 2% higher on the back of strong first-quarter earnings. The company reported earnings per share of $1.91, 20 cents above a Refinitiv estimate. United Tech also raised its 2019 earnings guidance.
Twitter — Shares of Twitter surged 15.6% after the social media company reported better-than-expected earnings. Twitter reported earnings of 37 cents per share, more than double what analysts polled by Refinitiv expected. The company also said that 134 million of its users are monetizable.
Lockheed Martin — Lockheed Martin shares jumped 5.7% after the aerospace and defense company delivered first-quarter earnings that were far above Wall Street expectations. Lockheed saw first-quarter earnings of $5.99 a share, more than the $4.34 a share expected by Refinitiv. The defense contractor raised its full-year earnings outlook.
Procter & Gamble — The consumer giant's stock fell more than 2% despite the release of better-than-expected first-quarter earnings. Procter & Gamble said its quarterly results were driven by beauty-product sales.
Walt Disney — Shares of the media giant rose more than 1% after an analyst at Bank of America Merrill Lynch hiked its price target on them to $168 from $144, implying a 27.6% upside from Monday's close of $131.68. The analyst cited potential upside from the company's Disney+ service, noting it can "become a material value driver for shareholders."
Whirlpool — Whirlpool shares rose 0.4% after the appliance maker reported earnings per share of $3.11. Analysts polled by Refinitv expected a profit of $2.86 per share. CFO Jim Peters also said: "We are on track to meet our strong earnings and cash flow guidance for the year."
Harley-Davidson — Harley-Davidson shares fell as much as 4% before rebounding after President Donald Trump pledged to retaliate against "unfair" European Union tariffs that the motorcycle manufacturer partially blamed for its almost 27% drop in first-quarter profit. The company said its first-quarter net income was $127.9 million on consolidated revenue of $1.38 billion, as opposed to $174.8 million on consolidated revenue of $1.54 billion last year. The stock closed 2.7% lower.
Hasbro — Shares of Hasbro jumped 14.2% after the toy maker reported better-than-expected results. The company said the box-office success of Transformers movie spin-off "Bumblebee " charged sales of its action toys.