Oil could recover to $80 a barrel in 2020, according to the International Energy Agency, which also cautioned against deep investment cutbacks in the industry. (CNBC)
Moody's is adding to the gloomy forecasts about global economic growth over the next couple of years, while warning about the lack of tools available to policymakers to deal with any unexpected shocks. (CNBC)
Shares of Mallinckrodt (MNK) fell as much as 25 percent, with trading halted multiple times, after Citron Research tweeted the drug company had more downside than Valeant (VRX) at these levels. Mallinckrodt told CNBC it's confident in its business model.
Valeant is set to hold a conference call at 8 a.m. ET. The embattled drug company said it plans to provide a business update to investors and then take questions. (PRNewswire)
SeaWorld (SEAS) plans to replace its signature "Shamu" killer whale shows in San Diego with after sagging attendance and years of activist criticism. (Reuters)
Chipotle Mexican Grill (CMG) may be able to reopen restaurants in , after tests found food samples to be free of the E. coli bacteria. (Reuters)
Porsche, a majority Volkswagen shareholder, said its nine-month net profit plunged by more than half to $1.28 billion due to costs related to the diesel emissions scandal. (Reuters)
Thousands of registered investment advisors are required to report past criminal charges. In describing their run-ins with the law, many of them blamed the mistakes of youth. (CNBC)
In a move away from traditional computers, Apple (AAPL) has launched its super-sized iPad Pros at its flagship Covent Garden store in London, looking to offer a replacement for a notebook or desktop. (CNBC)
Target (TGT) plans to offer a $100 gift card to customers who purchase any Apple Watch on Black Friday. Meanwhile, the retailer plans to open at 6 p.m. on Thanksgiving Day, the same time as last year. (CNBC)
The fourth Republican presidential debate, set for tonight in Milwaukee, brings eight leading contenders to the main stage at a time when two of them are confronting questions about their pasts. (NY Times)
President Barack Obama's executive action to shield millions of undocumented immigrants from deportation suffered a legal setback, with a Supreme Court appeal the only option left for the administration. (Reuters)
The resignations of key University of Missouri officials over their handling of racial incidents on campus underscore the power of protest on college campuses and the leverage of student-athletes. (CNBC)
Forecasters are warning 63 million people in the central U.S. to watch out for bad weather this week as colliding air masses threaten to generate high winds and possibly tornadoes. (NBC News)
McDonald's (MCD) holds its annual investor meeting this afternoon, starting at 1 p.m. ET, as CEO Steve Easterbrook continues his turnaround plan.
Homebuilders are the focus of this morning's short list of earnings, with both Beazer Homes (BZH) and D.R. Horton (DHI) reporting. There are no major companies set to release results after the closing bell.
U.S. small business confidence was unchanged in October, with hiring stagnant, even as more owners expected higher sales and more planned to make capital outlays, .
The government issues import and export prices for October at 8:30 a.m. ET and September wholesale inventories at 10 a.m. ET. Each report is expected to show a slight increases.
Chicago Fed President Charles Evans speaks at 2:30 p.m. ET, but he's expected to focus on government debt. Last week, the policy voting member told CNBC he's still not ready to say it's time for an interest rate hike.
A Fed rate hike in December is "pretty much in stone," said the head of strategy at RBS, adding the futures market is pricing in three rate hikes by the end of 2016, despite promises of a slow path higher.
Gap (GPS) reported a 3 percent drop in October comparable store sales, and the parent of Gap, Old Navy, and Banana Republic also gave a weak outlook for quarterly results due out next week.
Rackspace (RAX) earned 26 cents per share for the third quarter, 6 cents above estimates, with revenue also beating forecasts. The cloud computing company also gave upbeat guidance for the current quarter.
Lions Gate Entertainment (LGF) lost 28 cents per share for its latest quarter, compared to forecasts of a 2-cent profit. Revenue missed too. But the movie studio said it's positioned for a "very strong" second half.
In the wake of a first-half loss due largely to infrastructure costs, Vodafone (VOD) boosted its full-year earnings outlook, amid a recovery in the key European market and product enhancements.
AstraZeneca (AZN) reported positive results for its experimental lupus drug in a mid-stage trial. The drug maker believes that the drug could eventually generate revenue of $1 billion per year.
A Chinese buyer submitted the winning bid of $170.4 million with fees at Christie's last night for a Amedeo Modigliani painting of an outstretched nude woman. (NY Times)