The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread 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."