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
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread 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
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Shares of Big Lots soared after the company posted better-than-expected earnings and comparable sales Friday morning.
The discount retailer reported earnings of 82 cents a share on $1.31 billion in revenue. Wall Street had expected Big Lots to post earnings of 70 cents a share on revenues of $1.30 billion, according to a consensus estimate from Thomson Reuters.
Separately, the company also declared a quarterly cash dividend of 21 cents per share to be paid on June 24.
The stock was up more than 14 percent.
For the first quarter, Big Lots saw comparable store sales increase by 3 percent. Analysts polled by Thomson Reuters had expected sales growth of 2.2 percent.
Big Lots also raised its guidance and now sees adjusted earnings of $3.35 to $3.50 per share for the full year. The retailer had previously forecast earnings of $3.20 to $3.35 for fiscal 2016.
Shares of Big Lots are up more than 31 percent this year.