Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
Check out the companies making headlines midday Wednesday:
Canada Goose — Canada Goose shares plummeted more than 30% after the company issued disappointing full-year revenue guidance. The company said it expects revenue to grow at least 20% in the fiscal year. Analysts polled by FactSet expected a sales growth forecast of more than 26%.
Capri Holdings — The parent company of Michael Kors fell more than 9% after issuing fiscal first-quarter guidance that disappointed investors. Capri said it expects fiscal first-quarter earnings to range between 85 and 90 cents per share. Analysts polled by Refinitiv expected guidance of $1.23 earnings per share. The weak guidance overshadowed quarterly results that topped expectations.
Dick's Sporting Goods — Shares of Dick's Sporting Goods fell 5.9% after the company warned that tariffs were not incorporated into its 2019 earnings guidance. The company said it is working to determine their impact on its bottom line.
Abercrombie & Fitch — The retailer's stock plunged more than 26% after noting it expects same-store sales to remain flat for the current quarter, assuming tariffs do not increase. Abercrombie's first-quarter same-store sales also disappointed investors, and the company announced it would close three flagship stores.
Cara Therapeutics — Cara Therapeutics surged 20% after the biopharmaceutical company announced positive results for a Phase 3 trial of a clinical study for its medication, Korsuva, an injection for patients with kidney disease. Korsuva showed statistically-significant improvement in patients who took the medication when compared to a placebo.
General Mills — General Mills shares fell more than 5% after an analyst at Goldman Sachs downgraded the company to sell from neutral. The analyst cited worries over the company's slowing sales growth.
Roku — Shares of Roku jumped 3.3% after Needham raised its price target to $120 per share from $85. In a note to investors, Needham said the digital media company has "unique advantages" as an over-the-top aggregation platform.