Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to stifle him.US Economyread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
The Supreme Court refused to overturn a precedent that strengthened the power of government regulators in a closely watched case that could have had broad ramifications for...Politicsread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
The red-hot gold trade is cooling off on Wednesday, and Mark Newton of Newton Advisors says the charts point to further weakness to come.Trading Nationread more
The stock market is shrinking for several key reasons, but there's a way for investors to maneuver it, says Citi Research strategist Robert Buckland.Trading Nationread 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."