Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Stocks in Asia traded mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
Hong Kong democracy activist Joshua Wong walked free from prison on Monday after serving nearly five weeks for contempt of court, pledging to join a mass protest movement...China Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
Check out the companies making headlines midday Friday:
Constellation Brands, Calavo Growers, Chipotle Mexican Grill — Shares of the Corona and Modelo beer marker fell more than 5% as investors worried tariffs on Mexican goods would increase Constellation Brands' import costs. Calavo Growers and Chipotle, meanwhile fell as the threat of Mexican tariffs stoked fears of higher avocado prices.
Ford, General Motors — Ford and GM were pressured by President Donald Trump's threat to slap tariffs on Mexican imports. Both Ford and GM have operations in Mexico that could be impacted by such levies. Ford shares declined 2.3% while GM slid 4.3%.
Williams-Sonoma — Williams-Sonoma shares soared 13.4% after the household items retailer reported better-than-expected quarterly earnings. The company posted a profit of 81 cents per share, beating a Refinitiv estimate of 69 cents per share. Same-store sales jumped 3.5%, surpassing the expected 1.7% rise.
Zuora — Shares of Zuora plunged 29.7% after the cloud company gave weak guidance for the current fiscal year. Zuora expects its full-year revenue to range between $269 million and $278 million. A Refinitiv estimate projected $291.1 million in revenue.
Red Robin Gourmet Burgers — Red Robin shares dropped 17.2% after the company reported quarterly earnings that badly missed expectations. The company posted adjusted first-quarter earnings of 19 cents a share. Analysts polled by Refinitiv expected a profit of 49 cents a share.
TiVo — TiVo shares jumped 6.5% after the company hiked its full-year 2019 earnings outlook. The company expects adjusted EBITDA to range between $175 million and $185 million. That's up from a range of $172 million and $178 million. TiVo also raised its revenue guidance for the year.
Gap — Gap sank 9.3% after the apparel retailer reported first-quarter earnings that missed estimates. The retailer reported earnings of 24 cents per share, 8 cents below a Refinitiv estimate, and revenues of $3.71 billion, falling $60 million short of estimates. Gap also posted a 4% drop in same-store sales, its biggest in three years.
Dell Technologies — Shares of computer company Dell plummeted more than 10.3% after the company's first-quarter revenue missed expectations. Dell reported revenue of $21.99 billion, missing a Refinitiv estimate of $22.24 billion. The company said it saw demand in China slow down while server sales dropped.
Big Lots — Big Lots rose more than 6% after reporting better-than-expected first-quarter results. Big Lots posted earnings per share of 92 cents on revenue of $1.296 billion. Wall Street estimated earnings per share of 70 cents on revenue of $1.295 billion, according to Refinitiv.
Genesco — Shares of Journey's owner Genesco surged more than 11% on stronger-than-forecast quarterly results. The retailer earned 29 cents per share on revenue of $495.7 million. Wall Street expected a profit of 29 cents a share on sales of $479.4 million. The company's same-store sales also crushed expectations, increasing 5%. Analysts expected same-store sales growth of 0.6%.