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
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread 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
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Check out which companies are making headlines before the bell:
Gap — The apparel retailer reported a 6 percent drop in comparable-store sales at its Gap, Banana Republic, and Old Navy stores. The company called the month "challenging," but added that performance was on the upswing heading into the Memorial Day weekend.
Broadcom — Broadcom reported adjusted quarterly earnings of $2.53 per share, beating estimates of $2.38 a share. The chipmaker's revenue was also very slightly above forecasts. Broadcom, which was reporting its first quarterly numbers following the February combination of Broadcom and Avago, also raised its quarterly dividend to 50 cents per share from 49 cents a share.
Ambarella — Ambarella beat estimates by 6 cents a share, with adjusted quarterly profit of 34 cents per share. Revenue matched forecasts. The supplier of image processing chips did note a decline in its numbers compared to a year earlier, pointing to "near term headwinds" in the wearable sports camera market.
Avon Products — Jefferies began coverage of the cosmetics maker with a "buy" rating, saying Avon is in the early stages of a positive transformation and has shored up its balance sheet.
Chemours — Chemours issued a response to a critical report from short-selling firm Citron, saying it strongly refutes Citron's statements that it is "toxic from the balance sheet to the courtroom" and that the stock is "going to zero." Chemours is the chemical solutions unit that was spun off from DuPont last year.
Toyota Motor — Toyota suspended production at three Japan plants affected by an explosion at a supplier's factory earlier this week. The automaker says it expects full production to resume by the beginning of next week.
CST Brands — CST remains on watch, after Thursday's Reuters report that the convenience store operator is a takeover target. That report said Canada's Alimentation Couche-Tard and 7-11 parent Seven & I Holdings had submitted offers to acquire CST, with the shares jumping 7 percent as a result.
Facebook — Facebook's board of directors has submitted a shareholder proposal that would remove majority voting control from CEO Mark Zuckerberg, should he ever decide to leave his management position. The proposal will be up for a vote at Facebook's annual meeting on June 20.
BP — The energy giant will pay $175 million to settle a shareholder class action suit stemming from the 2010 Gulf of Mexico oil spill. The suit had contended that BP misled investors by understating the severity of the spill.
Apple — Apple services like its App Store have been restored following a more than two-hour outage on Thursday.
Citigroup — Citi Chief Executive Officer Michael Corbat told a New York investor conference that the bank's second-quarter net income will be about 25 percent below year-ago levels and flat compared to this year's first quarter.
Tribune Publishing — Tribune will change its name to Tronc as of June 20. The news was announced at the publisher's annual meeting, where the company did not reveal how much support Gannett got after it urged shareholders to withhold their votes for Tribune directors. Tribune has been resisting takeover overtures from Gannett, which is currently considering whether to proceed with its efforts.
McKesson — McKesson is considering a separation of its information technology business, according to The Wall Street Journal. The drug distributor is said to be weighing a sale or a merger for the business, although there's no certainty that a move will be made.
Baidu — Baidu plans to mass produce a driverless car in five years, according to an executive of the China-based search engine company. Baidu has already been testing a self-driving car model in China.
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