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
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread 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
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Best Buy delivered quarterly earnings that topped analysts' expectations on Thursday, but the company reported lower-than-expected quarterly comparable sales due to weak demand for mobile phones and tablets and lower revenue from services such as repairs and extended warranties.
Best Buy said its same-store sales rose 0.5 percent in the third quarter, excluding the impact of installment billing plans. Analysts on average had expected a rise of 0.8 percent, according to research firm Consensus Metrix.
Best Buy said sales of TVs, desktop and notebook computers and cameras were also weak industry-wide.
The net income attributable to the company's shareholders rose to $125 million, or 36 cents per share, in the quarter ended Oct. 31 from $107 million, or 30 cents per share, a year earlier.
Excluding items, Best Buy earned 41 cents per share from continuing operations.
Revenue fell 2.3 percent to $8.82 billion.
Wall Street expected the company to deliver quarterly earnings per share of 35 cents on $8.83 billion in revenue, according to consensus estimates from Thomson Reuters.
While shares of Best Buy began to close the gap between rival retailer Amazon in August, Best Buy stock was down nearly 19 percent year-to-date prior to reporting its third quarter earnings.
Shares of Best Buy fell more than 7 percent in premarket trading following the announcement. (Get the latest quote here.)
—Reuters contributed to this report.