The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread 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%.