Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
The launch comes as Apple's laptops have been criticized for a keyboard that users say breaks easily and results in key presses that cause characters to double up or not...Tech Driversread more
Craig Irwin of Roth Capital Partners said Apple tried to buy Tesla six years ago for a higher price than where the stock now trades.Technologyread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Donaldson was chief of staff to former White House counsel Don McGahn, who on Tuesday defied the Judiciary panel's subpoena to testify about special counsel Robert Mueller's...Politicsread more
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to...Retailread more
Check out the companies making headlines in midday trade on Thursday:
Chevron- Chevron closed up more than 3% after the oil company said it would not submit a new offer to acquire Anadarko Petroleum, walking away from the deal with a $1 billion breakup fee. This comes after Anadarko said the bid from Occidental Petroleum was superior to Chevron's.
Stamps.com - Shares of Stamps.com closed down more than 55% after the company slashed its 2019 earnings index. The postage company expects steeper declines in 2020 and 2021, adding that it will likely be impacted by uncertain contract changes with the United States Postal Service.
Intel - Marking its 11th day down of the past 12 trading days, shares of Intel closed down more than 5% after the chipmaker's stock was downgraded to "market perform" from "outperform" at BMO Capital. In a note to investors, BMO cited the downgrade, saying semiconductor stocks do not do well in a decelerating gross margin environment.
Apple - Shares of Apple closed down more than 1% after one of Wall Street's top Apple analysts said he was skeptical of the stock's recent rally. Bernstein's Toni Sacconaghi pointed to the stock's 17 times forward price-earnings ratio in a note to investors.
Hostess Brands - Shares of the Twinkie maker closed up 7% after first-quarter revenue topped Wall Street expectations on price increases. Sales jumped 7% last quarter, the company said. J.P. Morgan added the stock to its analyst focus list of top picks.
Roku - Shares of Roku closed up more than 28% after the company reported a narrower-than-expected first-quarter loss. Roku reported a loss of 9 cents per share on revenues of $206.7 million, beating expectations of an expected loss of 25 cents per share and revenues of $191.9 million, according to Refinitiv.The company also estimates that 1 in 3 smart TVs sold in the U.S. during the first-quarter had a Roku operating system, pushing it to raise its guidance.
Etsy - Shares of Etsy closed down 10% after the online retailer reported first-quarter revenues that slightly missed analyst's expectations. Etsy reported earnings of 24 cents per share, 10 cents higher than expected, and revenues of $169.3, slightly lower than the $170.1 million expected, according to Refinitiv. The retailer also announced that they will be pausing some of its marketing investments during the upcoming quarter.
Tapestry - Parent company of Kate Spade and Coach closed up 8% after reporting mixed earnings before the bell Thursday. Tapestry reported earnings per share of 42 cents on revenue of $1.331 billion. Wall Street estimated earnings per share of 41 cents on revenue of $1.336 billion, according to Refinitiv.
American Eagles Outfitters- American Eagle shares closed down 2% after the Royal Bank of Canada downgraded the stock on valuation. The clothing company's rating was lowered to 'sector perform' from "outperform."
Abercrombie & Fitch - Retailer Abercrombie & Fitch closed down 2% after the stock was downgraded to "underperform" from "neutral" from Wedbush. Wedbush said the clothing maker has less visibility given the looming trade war with China.
Fox Corp. - Fox closed up 2% after beating on the top and bottom lines for earnings on Wednesday, its first report as a stand-alone company. Fox posted earnings per share of 76 cents, topping estimates by 9 cents, according to Refinitiv. Fox's revenue also beat analysts expectations.
Fossil Group - Watch-maker Fossil closed up more than 13% after a strong earnings report on Wednesday. Fossil reported a loss of 42 cents, less than the 64 cents forecast by analysts. The company also beat on revenue boasting stronger sales in China and India.
Edgewell Personal Care - Edgewell Personal Care closed down more than 15% after reporting mixed second-quarter earnings results on Thursday. The razor company posted earnings per share of $1.13 on revenue of $546.7 million. Wall Street estimated earnings per share of $1.00 on revenue of $562.2 million, according to Refinitiv.