Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread 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.