European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
Check out the companies making headlines midday Wednesday:
Fiat Chrysler Automobiles, Ford Motor, General Motors — Shares of the companies got a boost on news that the White House plans to hold off on slapping tariffs on autos by six months. These tariffs are seen by President Donald Trump as leverage in trade negotiations with Europe and Japan. Fiat gained 1.9% while Ford and GM rose 1.2% and 0.9%, respectively.
Alibaba — Alibaba ticked 1.6% higher in midday trading following strong results reported before the bell Wednesday. The company reported its cloud business grew by 76% in the period, boosting its overall results.
Alphabet — Alphabet rose 4.1% after Deutsche Bank raised its price target on the stock to $1,400 from $1,300. Deutsche Bank said Google's parent company has one of the best ad product pipelines, making the bank more confident in Alphabet's 2020 outlook.
Zillow Group — Shares of Zillow jumped 4.5% after Guggenheim upgraded the company to buy from neutral. Guggenheim cited strength in the company's Offers business, which lets homeowners sell their houses.
Applied Materials — The chipmaker's stock rose 3.7% after an analyst at Susquehanna upgraded it to positive from neutral. The analyst said Applied Materials had secured "major memory wins."
JD.com — The Chinese e-commerce company's stock rose 2.6% after an analyst at Nomura Instinet upgraded it to buy from neutral. The analyst cited a more positive margins outlook for JD.com.
Macy's — The stock popped as much as 4% after the retailer reported better-than-expected first-quarter results, but it later fell 0.5% after the company warned it could see impact from the escalating trade war between the U.S. and China. Macy's reported earnings per share of 44 cents on revenue of $5.504 billion. Wall Street was expecting earnings per share of 33 cents on revenue of $5.505 billion, according to Refinitiv. Same-store sales, a key metric for retailers, also surpassed analyst expectations.
Salvatore Ferragamo — Salvatore Ferragamo surged 9.2% after the Italian luxury fashion company reported strong first-quarter sales. The company announced a 17.7% increase in revenues from retail channels in China. The company also reported net profit of 11 million euros.