Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread 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
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.World Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread 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.