It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
Slack's CEO said that the company didn't want to go public via an IPO so that it could be as transparent and accessible as possible.Deals and IPOsread more
Oil jumped as much as 6% on Thursday after Iran shot down a U.S. military drone, prompting President Trump to blast Tehran on Twitter.Energy Commoditiesread more
If Facebook cut corners in something as basic as the branding of its nascent crypto efforts, this dispute could give ammunition to its many critics.Financeread more
Workers in the gig economy could get short changed when it comes to their Social Security checks in retirement. That's because the growing ranks of people who earn money on...Personal Financeread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
For doubters thinking the rally is just a last gasp of the decadelong bull market, chart analysts are here to prove them wrong.Marketsread more
Notorious "pharma bro" Martin Shkreli has reached a settlement with his former biopharmaceutical company Retrophin to resolve "all outstanding disputes" just week after he...Biotech and Pharmaceuticalsread more
"The slowdown in the global economy is reaching this shore," veteran trader Art Cashin says.Economyread more
Check out the companies making headlines midday Friday:
Ford — Ford jumped 9.73% after the car manufacturer reported better than expected first-quarter earnings on Thursday. Ford reported earnings of 44 cents per share, 17 cents higher than expected, and revenues of $37.24 billion, $160 million higher than expected. High demand for pickup trucks and SUVs in North America compensated losses in China and South America.
Intel — Intel dropped the most in 11 years, 10%, after the company provided a lower-than-expected revenue forecast for 2019. The chipmaker said it expects full year revenues of $69 billion, yet analysts had estimated revenues of $71.05 billion. Intel reported earnings of 89 cents per share, 2 cents higher than expected and revenues of $16.06 billion, $40 million higher than expected.
Walmart & Target — Walmart and Target shares tumbled 2% and 6% respectively in midday trading after Amazon announced it will be implementing one-day shipping a regular offering for all Amazon Prime members, upping the ante for retailers across the United States to meet consumer demand.
Mattel — Strong sales of Barbie dolls and toys based on "Jurassic World" and "Toy Story" led Mattel to a narrower-than-expected-loss during the first quarter, lifting shares by 6.56% on Friday afternoon. The company's net sales fell 2.7 percent to $689.2 million, but topped the $645 million as analysts has estimated, according to Refinitiv.
Cleveland-Cliffs — Shares of the iron ore miner jumped for a second day after reporting a narrower-than-expected-first-quarter loss. Shares were up nearly 3% Friday after Credit Suisse upgraded the stock to an outperform rating from neutral.
American Airlines — American Airlines shares rose after the company reported first-quarter earnings that surpassed analysts' expectations. Quarterly profit hit 52 cents per share, beating the consensus estimate of 51 cents per share, which represents earnings of 1.96%.