The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread 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.