Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
U.K. online bank Monzo raised $144 million in a fresh round of funding led by the U.S. start-up accelerator Y Combinator.Technologyread more
Check out the companies making headlines midday Thursday:
Advanced Micro Devices — AMD rose 7.9% after Morgan Stanley upgraded the stock to equal weight from underweight and raised the price target to $28 from $17, saying being cautious on AMD has "obviously been the wrong call." The bank said AMD has consistently performed well among its competitors Intel and Nvidia.
Ciena — Shares of the telecom supplier surged more than 26% on fiscal second-quarter earnings that topped expectations. Ciena reported adjusted earnings per share of 48 cents. Analysts polled by Refinitiv expected a profit of 33 cents a share.
Stitch Fix — Stitch Fix soared more than 14% after the online personal styling company beat on the top and bottom lines of its fiscal third quarter results. Stitch Fix reported earnings per share of 7 cents, while analysts polled by Refinitiv expected a loss of 3 cents. Revenue came in at $409 million, notching seven consecutive quarters of more than 20% growth.
Signet Jewelers — Shares of Signet fell 1.2% after reporting lower-than-expected same-store sales for the first quarter. Same-store sales dropped 1.3%, while analysts estimated a drop of 0.8%. Signet posted earnings per share of 8 cents on revenue of $1.432 billion. Wall Street estimated a loss of 23 cents per share on revenue of $1.415 billion, according to Refinitiv.
Tesla — Tesla shares jumped 4.8% as Wall Street cheered the company's sales in May. Tesla sales rose 73% last month compared to last year. That outperformed electric vehicle sales from Audi, BMW, Jaguar, Chevrolet and Nissan.
Dermira — Shares of the dermatology drug company rose 4.8% after an analyst at Mizuho upgraded them to buy from neutral. The analyst cited expectations its lebrikizumab will get licensed for commercialization in the European Union later this year.
MongoDB — The database programming company fell 0.8% after its second-quarter guidance disappointed investors. MongoDB expects a to lose between 27 cents and 29 cents per share. FactSet expected guidance of a loss of 27 cents.
Michaels Companies — Shares of the arts and crafts retailer plunged 12.4% after sales disappointed and the company cut its full-year earnings forecast. The company posted revenue of $1.094 billion, missing expectations. It also posted weaker-than-expected same-store sales.
—CNBC's Maggie Fitzgerald contributed to this report.