Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
Stocks that would benefit from a federal infrastructure spending program fell after President Trump ended a meeting on infrastructure spending with Democratic leaders.Market Insiderread more
The president abruptly walked out of a meeting Wednesday, saying he would not negotiate with Democrats while they continue to investigate him.Politicsread more
Despite the president's claim that "you can't investigate and legislate simultaneously," certain must-pass pieces of legislation, including a debt ceiling hike, will...Politicsread more
Americans in certain areas of the country have significantly higher average credit scores than others. Experian's annual State of Credit report shows the average score in each...Spendread more
Amazon shareholders demanded the company to take action on a number of different issues during its annual shareholder meeting on Wednesday.Technologyread more
Talk about 5G is everywhere right now, from the trade-war with China to the ban on Huawei. Here's what 5G is and why it matters.Technologyread more
Controversial lawyer Michael Avenatti was indicted on charges of trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with...Politicsread more
More voters in five key industrial states disapprove than approve of Trump's handling of trade — 56% to 41%, according to a report.Politicsread more
Ireland's privacy watchdog, which leads supervision of Google in the EU, launched an inquiry into the firm's online advertising practices.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
Check out the companies making headlines midday Friday:
Newell Brands — Newell Brands shares soared more than 11% after the company beat Wall Street estimates on its first-quarter results. The Rubbermaid container and Elmer glue maker reported earnings of 14 cents per share. Analysts polled by Refinitiv expected a profit of 6 cents per share.
CBS — Shares of the media company fell nearly 2.3% after reporting quarterly revenue that missed analyst expectations. CBS posted a revenue of $4.17 billion for the first quarter, while analysts polled by Refnitiv expected sales to total $4.3 billion.
Activision Blizzard — Shares of Activision Blizzard were down 5.4% a day after the company said its monthly active users fell nearly 8% from the same time period a year ago. That decline overshadowed stronger-than-expected first-quarter earnings.
Expedia — The travel site's stock dropped 2.3% after the company reported a lower-than-expected occupancy rate in its affiliated hotels. Room nights, a key measure for the hotel industry, grew by 9% in the first quarter. Analysts polled by Refinitiv expected growth of 9.4%. Revenue for the quarter also disappointed investors.
Gilead Sciences —Gilead Sciences gained 3.2% after revenue from from the company's HIV medication Biktarvy crushed expectations, bringing in $793 million, $111 million higher than expected. The pharmaceutical company also reported earnings of $1.76 per share, 15 cents higher than a Refinitiv estimate.
Shake Shack — Shake Shack jumped 4.1% after the company reported same store sales that surpassed analyst expectations. The burger joint reported first-quarter same-store sales growth of 3.6%, while analysts polled by Refinitiv had only expected a 0.9% increase.
U.S. Steel — The company's stock jumped more than 10% on the back of quarterly results that surpassed analyst expectations. U.S. Steel posted earnings per share of 47 cents, easily topping a Refinitiv estimate of 22 cents. Revenue for the first quarter also topped expectations.
Walmart — Walmart shares rose 1% after an analyst at Bernstein upgraded the retailer's stock to outperform from market perform, noting Walmart could show an "outsized" return moving forward.
Tesla — Shares of the electric car maker were up 4.5% after the company said it increased the size of the stock and bond offering. Tesla said it was set to raise up to $2.7 billion in capital, which would also include a $25 million from CEO Elon Musk.
Dish Network — Shares of the U.S. television provider rose nearly 4% despite the release of disappointing quarterly results. Dish Network reported earnings per share of 65 cents on revenue of $3.187 billion. Wall Street expected a profit of 66 cents a share on sales of $3.188 billion, according to Refinitiv.