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 in Tuesday trade 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
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Check out the companies making headlines midday Friday:
Foot Locker — Shares of Foot Locker were down 16% after the shoe retailer reported adjusted quarterly earnings per share that were 7 cents below expectations. Sales also came in below forecasts, and an increase in same-store sales of 4.6% missed estimates of analysts polled by Refinitiv.
Autodesk — Autodesk dropped more than 4% after missing on the top and bottom lines of its first-quarter results. Autodesk posted earnings per share of 45 cents on revenue of $736 million. Analysts expected earnings per share of 47 cents on revenue of $740 million, per Refinitiv. Autodesk gave second-quarter revenue and earnings per share guidance in line with estimates.
Hewlett Packard Enterprise — Shares of HP Enterprise rose 0.5% after reporting better-than-expected second-quarter earnings. The information technology company posted earnings per share of 42 cents. Wall Street expected earnings per share of 37 cents, according to Refinitiv.
Ross Stores — Ross Stores fell 1.8% on a disappointing quarterly outlook. For the second quarter, the retailer estimates earnings per share between $1.06 and $1.11, compared to Refinitiv's estimate of $1.14. The weak guidance overshadowed strong first-quarter earnings. Ross earned $1.13 per share on revenue of $3.80 billion. Analysts polled by Refinitiv expected the company to report a profit of $1.12 per share on sales of $3.79 billion.
Intuit — The TurboTax parent's stock rose more than 6% after the company raised its fiscal full-year outlook. Intuit said it expects fiscal 2019 earnings to range between $6.67 per share and $6.69 per share. That's above a Refinitiv forecast of $6.55.
Splunk — Shares of the software company dropped more than 7% as analysts raised concerns over the company's free-cash-flow outlook. The company lowered its free-cash-flow estimate for fiscal 2020 to $250 million from $350 million. That negated stronger-than-forecast quarterly results.
Amazon — Amazon shares climbed 0.4% after an analyst at Piper Jaffray said the e-commerce giant's stock could reach $3,000 in two years. The analyst wrote in a note that "we have a high degree of confidence that AMZN shares can reach this level with no major acquisitions or other significant changes to the business."
—CNBC's Maggie Fitzgerald and Tom Franck contributed to this report.