UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread 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
Michael Kugelman from the U.S.-based Wilson Center says other issues take precedence in the bilateral dialogue between the United States and Pakistan — namely, Afghanistan and...Asia Politicsread 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
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, 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
Check out the companies making headlines in the premarket Thursday:
Delta Air Lines — The airline reported better-than-expected earnings, lifting its stock by more than 2%. Delta reported a profit of $2.35 per share, topping a Refinitiv estimate of $2.28. Delta also posted a record revenue of $12.5 billion for the quarter.
Snap — A Bank of America/Merrill Lynch analyst raised its price target on Snap to $17 per share from $12 a share, citing an uptick in Snapchat app downloads. The analyst said third-party data shows second-quarter downloads were "near record levels." Snap shares rose more than 1% in the premarket.
Target, Walmart, Costco Wholesale, Home Depot — Analysts at Goldman Sachs initiated coverage of the retailers with a "buy" rating, highlighting a "solid macro environment" that drives "strong results." Target, Walmart, Costco, and Home Depot all traded slightly higher.
Comerica — The bank's stock fell 2% after Bank of America/Merrill Lynch downgraded it to "underperform" from "buy" and slashed its price target to $71 per share from $85 a share. "CMA is the most short-rate sensitive stock in our universe, and we believe shares will continue to lag peers as the Fed cuts rates," Bank of America said.
Abercrombie & Fitch — Abercrombie shares rose 1.3% after an analyst at Wedbush upgraded the stock to "neutral" from "underperform," citing an attractive valuation and a potential revenue inflection point.
Weight Watchers — An analyst at J.P. Morgan upgraded Weight Watchers to "neutral" from "underweight" and hiked her price target to $22 per share from $17 a share. The analyst said the company's subscriber trends have "stabilized," adding: "We believe investors are beginning to look past the expected ~50% earnings decline this year and instead focus on the potential growth opportunity in 2020."
Fastenal — Fastenal shares dropped more than 4% after the industrial supplies company posted weaker-than-forecast quarterly results. The company posted earnings per share of 36 cents a share, just below a Refinitiv estimate of 37 cents a share.
Microsoft — Cowen initiated the tech giant with an "outperform" rating and a price target of $150 per share. "We expect MSFT's Commercial Cloud, including both Office 365 Commercial and Azure, to be the primary driver of growth going forward," Cowen said.
—CNBC's Michael Bloom contributed to this report.