Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
Oil jumped as much as 6% on Thursday after Iran shot down a U.S. military drone, prompting President Trump to blast Tehran on Twitter.Energy Commoditiesread more
For doubters thinking the rally is just a last gasp of the decade-long bull market, chart analysts are here to prove them wrong.Marketsread more
President Donald Trump on Thursday told reporters that "you'll soon find out" whether the U.S. will strike Iran.Politicsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
"I think there's a deceleration in the economy to the point where the railroads, the airlines, the companies, the lenders are all admitting that there's deceleration," says...Investingread more
Apple said in a letter released Thursday that tariffs could hurt its ability to compete globally.Technologyread more
Stocks gave back most of their gains on Thursday after the S&P 500 reached a record earlier in the day.US Marketsread more
J.J. Abrams is teaming up with his son Henry to create a five-part Spider-Man comic book series for Marvel Entertainment.Entertainmentread more
Trump tweets after an Iranian surface-to-air missile shot down a U.S. military surveillance drone in what the U.S. calls an "unprovoked attack."Politicsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
Check out the companies making headlines midday Thursday:
RH — The furniture store company surged 15.8% after reporting quarterly numbers that exceeded expectations and hiked its full-year outlook. RH, formerly known as Restoration Hardware, reported earnings per share of $1.85 on revenue of $598 million. Analysts polled by Refinitiv expected a profit of $1.55 per share on sales of $584 million. The company also expects full-year earnings to range between $8.76 per share and $9.27. That's up from a prior range of $8.05 to $8.69 per share.
Red Robin Gourmet Burgers — Red Robin shares surged 31.5% as Vintage Capital, an activist investor and a shareholder in the company, expressed interest in taking the company private with a $40 per share bid.
Callaway Golf — The golf club maker's stock surged more than 14% after activist Jana Partners revealed a 9.2% stake in the company. The position makes Jana the second-largest shareholder Callaway.
Disney — The media giant rose 4.4% after a Morgan Stanley analyst hiked his price target on the stock to $160 per share from $135. The analyst said Disney's streaming service, Disney+, could boost the company's bottom line by $11 per share over the next five years.
Oxford Industries — Shares of the high-end clothing company jumped 8.4% on the back of better-than-expected first-quarter results. Oxford reported earnings per share of $1.30. Analysts polled by Refinitiv expected a profit of $1.21 per share. The company also said it "continues to mitigate risks from potential tariff increases."
American Airlines — American Airlines shares climbed 6.4% after J.P. Morgan highlighted rising domestic fares. "We are confident that knowledge of increased domestic fare resilience is not yet priced into the market," the analyst said.
Hess, Phillips 66, Schlumberger — Energy shares rose alongside oil prices after two explosions on oil tankers in the Gulf of Oman. Hess and Phillips 66 both gained more than 2% while Schlumberger rose 3.4%.
Lululemon Athletica — Shares of Lululemon rose 2.2% and reached a record high after its first-quarter earnings outpaced expectations. The apparel maker posted earnings per share of 74 cents, topping a Refinitiv estimate 70 cents. The company's revenue topped analyst estimates. Lululemon also hiked its full-year earnings and revenue guidance.
Williams-Sonoma — Shares rose 4.8% after an analyst at Gordon Haskett upgraded Williams-Sonoma to accumulate from hold, noting the company's strong same-store sales in the first quarter were not a "fluke."