Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its...Investingread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
Stocks in Asia traded lower on Thursday afternoon. Australia's jobs data showed the net number of jobs created was far below expectations.Asia Marketsread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread 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.