Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.Marketsread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
The e-mail's optimistic tone helped Tesla shares turn positive for the first time in seven days.Technologyread more
J.P. Morgan Chase has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill...Banksread more
Facebook also says it's reacting faster to illicit sales of drugs and firearms.Technologyread more
In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's...Politicsread more
The Trump administration announces a $16 billion aid program for American farmers that includes a three-pronged package of aid for American farmers who have been hurt by the...Politicsread more
Boost Mobile founder Peter Adderton said details of Boost's wholesale deal with a combined Sprint-T-Mobile would dictate if the brand can compete.Technologyread more
Amazon is reportedly getting into the wearables space. It would help the company learn more about customers and potentially corner the market on a demographic of older, sicker...Technologyread more
Trade tensions with China may be a boon to the U.S. housing market. Investors are rushing into the relative safe-haven of the bond market, cause the yield on the U.S. 10-year...Real Estateread more
Check out which companies are making headlines before the bell:
Abercrombie & Fitch—The teen retailer beat estimates by 1 cent with adjusted quarterly profit of 42 cents per share, but revenue was below forecasts and same-store sales tumbled 10 percent. CEO Mike Jefferies said sales are improving but conditions remain "difficult."
TJX—Goldman Sachs added the retailer to its "conviction" buy list, saying the company's soft third quarter was likely an aberration, and that TJX has an underappreciated international presence. At the same time, Goldman downgraded J.C. Penney to "sell" from "neutral," saying competitive changes in the industry may prevent the company from achieving its multi-year financial goals.
Target—A judge rejected the retailer's attempt to dismiss a lawsuit by banks related to last year's data breach.
Ascena Retail—The retailer reported adjusted quarterly profit of 28 cents per share, 2 cents above estimates, with revenue matching forecasts. Ascena did see net sales decline at its Justice and Lane Bryant chains, but sales were higher at Dress Barn and other Ascena brands.
Live Nation—The live entertainment producer appointed Beats Electronics co-founder and music producer Jimmy Iovine to its board of directors.
Sony—The company is still struggling to fully restore its computer systems eight days after a hacking attack, according to a Reuters report.
Apple—The company returns to court for the second day in Oakland, California, defending itself against charges of abusing a monopoly position in the digital music player market. Separately, Apple has been issued a patent for a design that prevents an iPhone from breaking when dropped.
Bob Evans Farms—The restaurant chain earned an adjusted 36 cents per share for its second quarter, 2 cents above estimates. The company's revenue was shy of estimates, and it cut the top end of its full-year earnings forecast, but Bob Evans did manage to end a five-quarter streak of declining sales. KeyBanc downgraded the stock to "underweight" from "hold," saying the company is not addressing a decline in dine-in customers.
Microchip Technology—The semiconductor company increased its financial guidance for the current quarter, saying bookings and billings have improved since it issued its last earnings report on October 30.
—By CNBC's Peter Schacknow
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