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Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
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The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
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The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
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Check out the companies making headlines midday Wednesday:
Wendy's- The fast food chain closed up almost 4% after reporting better-than-expected earnings before the bell. Wendy's reported an adjusted quarterly profit of 14 cents per share, beating analysts' estimates by 3 cents. Total revenue rose 7.4% to $408.6 million, topping estimates of $399.8 million.
Lyft- The ride-sharing company's stock closed down more than 10% after it reported a big loss in its first ever earnings report a day earlier. Despite the loss, Wall Street analysts were optimistic, with Credit Suisse calling the results a "good first step." Lyft's revenue was $776 million, compared to analysts' forecast of $739 million.
Diamondback- The energy company closed up more than 7% following the release of strong first-quarter earnings. The oil and gas driller is on pace for its best day since November 2016. The company also announced a $2 billion share repurchase program.
Match Group- Tinder parent company's stock closed up 12% after beating on revenue and profit in its first-quarter report a day earlier. Match reported earnings per share of 42 cents on revenue of $465 million. Analysts forecast earnings per share of 32 cents on revenue of $464 million per Refinitiv.
Qorvo- The maker of radio frequency components closed up 3% after reporting adjusted quarterly profit of $1.22 per share, beating the Refinitiv estimate of $1.05 a share. Qorvo also posted revenue that beat estimates and gave a positive current-quarter outlook.
Lending Club- Shares of Lending Club closed up 12% after Wedbush upgraded the lending company's stock to "outperform" from "neutral." Wedbush also increased its price target for the stock to $5 from $3.75, after the company reported strong first-quarter earnings Tuesday after the bell.
Mosaic- Shares of Mosaic closed up almost 3% after J.P. Morgan upgraded the fertilizer producer's stock to "overweight" from "neutral." The upgrade comes a day after the company posted better-than-expected earnings and revenue for the first-quarter of the year, despite increased costs due to poor weather.
TripAdvisor- The travel website's stock closed down 11% after missing on revenue in its first-quarter results on Tuesday. TripAdvisor reported revenue of $376 million, compared to Wall Street estimates of $387 million, according to Refinitiv.
U.S. Steel- The steelmaker closed down more than 5% after UBS downgraded the stock to "sell" from "neutral." UBS said it estimates near-term capital investment will not reverse market share losses in the coming years for the company.