The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Check out the companies making headlines midday Tuesday:
Beyond Meat — Beyond Meat shares surged 12% after Bernstein initiated them with an overweight rating and a price target of $81 per share, implying an upside of 8.3% from its Monday close. Bernstein said the alternative meat company will soon experience rapid sales growth and added it could be worth $40.5 billion in the next decade.
Boeing — Boeing shares fell 3% in midday trading after Barclays downgraded the aircraft manufacturing company to equal weight from overweight. Barclays said that it believes fliers will most likely avoid the Boeing 737 Max even when it's back in service, according to a survey of airline passengers that was conducted.
Anheuser-Busch InBev — Shares of the Budweiser beer maker fell 2.1% after reporting weaker-than-forecast earnings. The company reported first-quarter earnings per share of $1.27, while analysts polled by StreetAccount expected a profit of $1.34. The company's revenue also disappointed investors.
Mylan — The pharmaceutical company's stock plummeted nearly 18% on the back of mixed quarterly results. Mylan reported earnings per share that beat expectations, but its revenue fell short. Mylan posted revenue of $2.496 billion, while analysts polled by Refnitiv expected sales to come in at $2.691 billion. The drugmaker said it was hurt by restructuring at its West Virginia plant and a stronger dollar.
Regeneron Pharmaceuticals — Shares of Regeneron Pharmaceuticals dropped 5.82% after the biotechnology company reported disappointing first-quarter results. Regeneron reported earnings of $4.45, missing a Refinitiv estimate by $1.01, and revenues of which missed by $49 million. The company cited a surge in expenses for the miss.
Cohu — Shares of Cohu surged 27% after the back-end semiconductor equipment maker reported first-quarter revenue that topped analyst expectations. Cohu reports sales of $147.8 million for the previous quarter, while analysts polled by Refinitiv had forecast sales of $145 million. The company also issued better-than-expected sales guidance for the second quarter.
Allergan — Allergan fell more than 3% despite posting results that topped analyst expectations. The pharmaceutical company posted adjusted earnings per share of $3.79 on revenue of $3.597 billion. Analysts polled by Refinitv expected a profit of $3.55 per share on revenue of $3.54 billion.
Roku — Roku shares rose as much as 4.1% before giving up those gains amid a broader selloff. An analyst at Stephens initiated them with an overweight rating and an $84 price target. "We like ROKU's LT industry position as an independent, branded, embedded and capital-light player at the nexus between smart TVs and an increasingly fragmented streaming video landscape," the analyst said. The stock later gave back those gains, however, trading 1.6% lower.