President Trump announced fresh sanctions on the Islamic Republic on Monday, following the downing of an unmanned American drone last week.Politicsread more
President Donald Trump's son-in-law Jared Kushner has presented a $50 billion investment plan for economic growth and peace in the Middle East that has been greeted with...World Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread 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.