The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped 12% Monday afternoon, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.Investingread more
The U.S. Food and Drug Administration has approved the first generic copies of a popular, pricey pill for nerve pain. The agency on Monday said it approved nine generic...Biotech and Pharmaceuticalsread more
Starbucks is licensing its mobile and loyalty program technology in a deal that will give global franchisees the chance to offer the Starbucks mobile app to customers.Restaurantsread 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.