Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.Marketsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
A series of tweets Monday marked the latest chapter in Trump's decadeslong effort to refute published reports that his previous financial problems have rendered him an...Politicsread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Sens. Mitch McConnell and Tim Kaine plan to introduce a bill Monday that would raise the minimum age to buy tobacco to 21 in hopes of curbing what regulators are calling an...Health and Scienceread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Silicon Valley argues that the public market investors focus too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Restaurants are thinking outside the box to attract and retain talent. A report from TDn2K, a restaurant analytics firm, finds that employee vacancies are a major concern for...Restaurantsread more
Forty percent of customers will choose a center to shop at based solely on the food that's there, JLL found in a new study. And nearly 38% of people want healthy options when...Retailread more
Google announced Google Glass Enterprise Edition 2 on Monday, a new set of smart glasses that's catered toward businesses and costs $999. Google has focused on business use...Technologyread more
Check out the companies making headlines midday Thursday:
Facebook — Shares of the social media giant jumped more than 5.5% after the company reported better-than-expected revenue for the first quarter. Facebook said monthly active users — a key metric for the company — topped expectations at 2.38 billion.
3M — The Dow Jones Industrial Average component fell 13% after its quarterly earnings and revenue missed analyst estimates. 3M reported adjusted earnings of $2.23 per share on revenue of $7.863 billion. Analysts polled by Refinitiv expected a profit of $2.49 per share on sales of $8.025 billion. The company also cut its guidance for 2019 and announced layoffs for 2,000 workers.
American Express — American Express shares rose 1.6% after an analyst at Morgan Stanley upgraded it to overweight from equal-weight. The analyst cited strong revenue growth moving forward for the upgrade.
United Parcel Service — Shares of the shipping giant dropped 8.1% after missing its earnings and revenue missed Wall Street forecasts. Snowstorms and heavy flooding in the Midwest disrupted operations last quarter, and UPS said it incurred roughly $80 million in extra costs to deal with those severe weather conditions.
Southwest Airlines — The airline's shares rose 0.8% after the company's quarterly results beat analyst expectations despite taking a hit from the prolonged grounding of Boeing's 737 Max jets. The grounding, coupled with the impacts of the U.S. government shutdown, forced Southwest to cancel more than 10,000 flights last quarter.
Comcast — Comcast shares climbed 2.6% after reporting first-quarter earnings that surpassed expectations. The media company reported adjusted earnings per share of 76 cents versus 68 cents expected in a Refinitiv survey. CNBC also reported, citing sources, that Comcast is in talks with Disney to sell its 30% stake in Hulu.
Tesla — Tesla shares fell 4.3% after posting disappointing first-quarter results. The automotive company reported a loss of $2.90 on revenue of $4.54 billion. Refinitiv estimates expected a loss of 69 cents on revenue of $5.19 billion. The company noted weakening demand for electric vehicles.
Microsoft — The tech giant's stock climbed 3.3% on the back of stronger-than-forecast quarterly numbers. Microsoft reported earnings per share of $1.14 on revenue of $30.6 billion. Analysts polled by Refinitiv expected a profit of $1 per share on sales of $29.84 billion. The company's results were driven by a strong performance in its cloud computing business, which saw sales grow by 41%.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC.