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
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
Check out the companies making headlines in midday trade Friday:
Lyft- Shares of ride-sharing company closed down 7% after Uber's initial public offering Friday. Lyft and Uber are the two most dominant companies in the ride sharing business. Lyft's stock is down about 30% since its IPO at the end of March.
Apple- Apple's stock closed down 1% on Friday. The iPhone maker is viewed as particularly vulnerable to the recent escalation in the trade war given its dependence on China for production and sales.
Caterpillar- Shares of the construction company were down more than 1% and closed flat amid the escalated trade tensions with China.
Marriott- Shares of the hotel company closed down 2% following mixed first-quarter earnings released Friday. Marriott reported adjusted earnings per share of $1.41, beating the estimated $1.34, according to Refinitiv. Revenue was $5.01 billion, missing the expected $5.11 billion.
Yelp- Shares of recommendation website Yelp closed down 14% Friday after the company gave weak second-quarter guidance a day earlier. Yelp said for the second quarter it estimates revenue will increase between 4% and 6%, lower than the expected increase of 6.6%, per Refinitiv.
Booking Holdings- The booking company closed up 5% despite missing on the top and bottom lines in its first-quarter earnings after the bell Thursday. Booking Holdings reported earnings per share of $11.17 on revenue of of $2.84 billion. Wall Street estimated earnings per share of $11.27 on revenue of $2.93 billion, according to Refinitiv.
Zillow- Shares of the home-finder website closed up 5% after posting better-than-expected first-quarter earnings Thursday. Zillow reported a loss of 33 cents per share, compared to the loss of 35 cents per share analysts were expecting per Refinitiv.
News Corp.- Shares closed down 4% on Friday after the company reported a surprise quarterly profit in its third quarter, driven by growth in book publishing. The company reported earnings per share of 4 cents on revenue of $2.46 billion. Wall Street estimated earnings per share of 0 cents on revenue of $2.51 billion, according to Refinitiv.
Equifax- Shares of Equifax jumped midday and closed flat after the company missed on revenue in its first-quarter results. Revenue was $846.1 million, lower than the expected $848.9 million, according to Refinitiv. Earnings per share came in line with estimates at $1.20 per share.
—CNBC's Matt Lavietes contributed to this report.