Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread 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
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Epstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had...Politicsread more
Lowe's is vying for a category of customer that Home Depot has traditionally dominated — the professional contractor.Retailread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
These are the stocks posting the largest moves in midday trading.Market Insiderread more
Check out which companies are making headlines before the bell:
Coach — Coach earned an adjusted 45 cents per share for its fiscal fourth quarter, 4 cents a share above estimates. The luxury goods maker's revenue did miss forecasts, but Coach was able to post a rare increase in North American same-store sales of 2 percent.
Valeant Pharmaceuticals — The drugmaker missed estimate by 8 cents a share, with adjusted quarterly profit of $1.40 per share. Revenue also missed forecasts, however the company gave a full-year forecast that exceeded expectations. The company also announced a reorganization of the company's reporting units.
Delta Air Lines — The airline is in the process of recovering from Monday's system-wide outage caused by a computer problem. Delta is issuing refunds for canceled flights as well as $200 travel vouchers for certain passengers.
Wayfair — The online seller of home furnishings lost an adjusted 43 cents per share for its latest quarter, 2 cents a share wider than expected. Revenue did beat forecasts. Wayfair said it is making good progress in speeding up delivery times, reducing damage rates, and growing its business.
BP — BP is looking for buyers for its 50% stake in SECCO, a China-based petrochemicals joint venture, according to a Reuters report. The stake could fetch as much as $3 billion.
LendingClub — LendingClub reported an adjusted second-quarter loss of 9 cents per share, wider than the 2 cents a share expected by analysts. Revenue was slightly ahead of forecasts. The operator of an online lending marketplace also announced the resignation of Chief Financial Officer Carrie Dolan.
Honeywell — The industrial conglomerate is in talks to buy privately held JDA Software for about $3 billion, according to a Reuters report. JDA is a maker of supply chain management software which was taken private by New Mountain Capital in 2012.
News Corp. — News Corp. reported an adjusted quarterly profit of 10 cents per share, 3 cents a share shy of estimates. Revenue did exceed analyst forecasts. The unexpected rise in revenue compared to a year earlier was helped by results for its newspapers, which include The Wall Street Journal and New York Post, as well as better results in its digital real estate operation.
Twilio — Twilio lost an adjusted 8 cents per share for its latest quarter, 6 cents a share less than analysts had anticipated. The company's revenue was well above estimates. The maker of messaging and voice services also gave an upbeat forecast for the current quarter as demand for its services rises.
Gap — The apparel retailer posted a smaller than expected drop in quarterly sales, but its July comparable sales are below Street estimates. Results were particularly weak at Banana Republic, although Old Navy is showing signs of rebounding. Following those results, Mizuho upgraded the stock to "neutral" from "underperform," noting easier comparisons ahead as well as cost controls and favorable currency fluctuations.
Monster Worldwide — Monster is being bought by Dutch recruiting firm Randstad for $429 million or $3.40 per share. That represents a 23 percent premium over Monday's closing price for shareholders of the jobs and recruiting website operator.
Buffalo Wild Wings — Buffalo Wild Wings was upgraded to "neutral" from "underperform" at Credit Suisse, which points to the emergence of activist shareholders and the resulting potential for a restructuring at the restaurant chain.
Dish Network — The satellite TV provider was upgraded to "outperform" from "neutral" at Macquarie, seeing significant upside from Dish's ability to meaningfully participate in an upcoming spectrum auction among other factors.