Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
The launch comes as Apple's laptops have been criticized for a keyboard design that users say breaks easily and results in key presses resulting in doubled-up characters or...Tech Driversread 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 White House has threatened to slap tariffs on apparel and footwear, leading retailers to speak out about how this would hurt business.Retailread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Stock pickers are having their best year in a decade, according to Bank of America Merrill Lynch.Marketsread more
Binky Chadha, chief equity strategist at the firm, expects the market to pull back over the next three months before quickly bouncing back up.Investingread more
Comcast is working on a device to monitor people's health at home, as well as some media and communications services, according to people familiar with the plans.Technologyread more
The Twitter co-founder and Obvious Ventures partner spoke about Beyond Meat on Tuesday at Collision Conference in Toronto.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.