UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
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
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread 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
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
Check out the companies making headlines midday Friday:
J.P. Morgan Chase, Goldman Sachs, Citigroup — Shares surged more than 2% after the Federal Reserve said all major U.S.-based banks passed the central bank's annual stress test. The banks also got approval to hike their quarterly dividends and increase buybacks.
Sarepta Therapeutics — Sarepta Therapuetics soared more than 17% on Friday after a potential competitor drug from Pfizer showed side effects in a study. Pfizer has paused the study of its new drug to treat Duchenne muscular dystrophy after two of the participants in a small trial were hospitalized.
The RealReal — Shares of The RealReal, a luxury consignment service which started online but has since opened physical stores in several cities, rose 44.5% following its IPO this morning. The offering raised $300 million, and had $207.4 million in revenue last year.
Constellation Brands — Constellation Brands ticked up 4.6% after the beer and spirits producer's quarterly earnings surpassed Wall Street's estimates. Constellation reported adjusted earnings for its fiscal first quarter of $2.21 per share, topping a Refinitiv estimate of $2.04.
Live Nation — Shares of Live Nation were down 0.7% after Citi analysts downgraded the ticketing and events company to sell from neutral. Citi said the company is "well run" but that, when accounting for certain quirks of its capital structure, it is overvalued relative to its peers.
AutoZone — AutoZone shares climbed more than 1% after Oppenheimer upgraded them to outperform from perform, noting the company's potential for commercial sales expansion.
Biogen — Biogen fell 2.5% after Piper Jaffray downgraded the drug maker to neutral from overweight. Piper Jaffray said it saw competitive pressures for the biotechnology company's multiple sclerosis franchise.
Nike — Nike slipped as much as 1.2% after the apparel maker's fiscal fourth-quarter earnings disappointed investors. The company generated earnings per share of 62 cents, slightly below a Refinitiv estimate of 66 cents per share. The stock closed the day up 0.4%, however.
Apple — Apple shares slipped 0.9% after the tech giant announced its longtime design chief Jony Ive is leaving the company. Ive was the designer behind much of Apple's current product and some of its most iconic brands, including the iMac G3, iPod, iPhone, iPad, MacBook Air, Apple Watch, and AirPods.