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:
Netflix — Netflix shares plunged more than 10.3% after the video streaming company reported disappointing international user growth. Netflix said it added 2.83 million international paying users, well below a FactSet estimate of 4.81 million. The company also posted a surprising loss of U.S. users.
IBM — IBM rose 4.6% after the company reported better-than-expected earnings as its cloud business grew more than forecast. The company posted earnings per share of $3.17. Analysts polled by Refinitiv expected a profit of $3.07.
Philip Morris International — Phillip Morris rose 8.2% after the tobacco company's second-quarter earnings beat estimates. Philip Morris reported adjusted earnings per share of $1.46 on revenues of $7.7 billion. Analysts polled by Refinitiv had expected earnings per share of $1.32 on revenues of $7.37 billion. Philip Morris said the strong quarter was driven by sales from it heated-tobacco line. The company also increased its full-year adjusted earnings forecast.
Danaher — Danaher ticked up 2.4% after the medical equipment and devices company's second-quarter results beat estimates. Danaher reported adjusted earnings per share of $1.19 on revenues of $5.16 billion. Analysts had expected earnings per share of $1.16 on revenues of $5.09 billion, according to Refinitiv. Thomas Joyce Jr., the company's president and CEO, said "recent investments in innovation and commercial initiatives" contributed to the strong results.
EBay — Shares of the e-commerce company rose 1.9% after reporting better-than-expected results as eBay attracts more users. EBay reported earnings per share of 68 cents on revenue of $2.69 billion. Analysts polled by Refinitiv expected a profit of 62 cents a share on sales of $2.68 billion.
Qualcomm — Qualcomm shares dropped 1.8% after the Barclays downgraded it to equal weight from overweight, citing issues related to Huawei. It said it sees "a downside to estimates" for Qualcomm and "can't fully discount the potential for a worst case scenario that includes a failed appeal/change to license rates."
Advanced Micro Devices — An analyst at Mizuho downgraded AMD to neutral from buy, citing a high valuation relative to its peers after a monster rally of more than 80% in 2019. The stock fell 1.8%.
Union Pacific — Union Pacific rose 5.9% after beating Wall Street earnings expectations for the second quarter. The railroad company reported $2.22 in earnings per share, topping analyst expectations of $2.14 per share, according to Refinitiv. Union Pacific improved its operating ratio year on year, reporting 59.6% on the profitability measure, 3.4 points better than the same quarter in 2018.
United Rentals — The equipment rentals company slid % after the company cut the high end of its revenue guidance for the year. United Rentals expects full-year revenue to range between $9.15 billion and $9.45 billion. The company previously expected full-year sales to range between $9.15 billion and $9.55 billion. "Our updates to guidance reflect a slightly slower than expected pace for the BlueLine integration, as well as historically bad weather in several key regions this past quarter," CEO Matt Flannery said.
Taiwan Semiconductor — Taiwan Semiconductor's shares rose 3.8% after it announced a 21.9% sales increase in June and a 3.3% year over year revenue increase in its quarterly report. The company's profits have been declining, with a fall of 31.6% in the first quarter -- its steepest fall in seven years, but this quarter's sales were only 7.6% less than the same period last year, a sign that its sales difficulties may be easing.