Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
"I think the stock's got real runway here. I think it can turn and go a lot higher," said trader David Seaburg.
The Internet giant's stock surged more than 10 percent in extended trading as second-quarter profit of $6.99 per share topped analysts' expectations. Though revenue fell slightly short of expectations and crucial ad metrics were mixed, markets cheered signs of expense control and strong signs for the YouTube video platform.
"I thought it was undervalued before. This is not a crazy valuation here," said trader Karen Finerman, who owns Google stock.
Google seems primed to move higher, and investors should hold it with $600 per share as a floor, said trader Guy Adami. It closed the regular session above $601 before the after-hours spike.
Trader Brian Kelly added that he saw positive signs in financial discipline and YouTube, but he would wait for a pullback to buy Google shares.
Adami also noted that Facebook looks to be "breaking out." The stock has gone about 16 percent higher this year.
Brian Kelly is long BBRY, BTC=; ITB, TAN, TLT, TSL and euro. He is short yuan and yen. Today he bought ITB.
Karen is long BABA, BAC, C, FINL, FL, GOOG, GOOGL, JPM, KORS, M, URI, BABA puts and URI calls. She is short SPY. Her firm is long ANTM, AAPL, BAC, C, DIS, FBT, FINL, FL, GILD, GOOG, GOOGL, GPS, IBB, JPM, KORS, M, SUNE, URI, XBI, KORS call spreads, URI calls, KORS puts and SPY put spreads. Her firm is short IWM, SPY and MDY. Karen Finerman is on the board of GrafTech International.
Guy Adami is long CELG, EXAS and INTC. Guy Adami's wife, Linda Snow, works at Merck.