Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
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
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.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 announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread 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
Check out which companies are making headlines before the bell:
H&R Block — The tax preparation firm lost 62 cents per share for its latest quarter. That matched forecasts, with revenue above consensus. H&R Block typically reports losses in quarters outside of its seasonal tax business.
Bank of America – The bank now has Berkshire Hathaway as its biggest shareholder, after Berkshire exercised warrants to buy 700 million shares. The warrants — part of a 2011 investment deal with the bank allowed Berkshire to buy the stock for $7.14 per share, compared to the Tuesday close of $23.46.
AutoNation – AutoNation announced the addition of $250 million to the auto retailer's share buyback program.
Toyota – The automaker's investment arm, known as Toyota Tsusho, invested an undisclosed sum in ride-hailing service Grab as part of that company's $2.5 billion financing round. Japan's SoftBank and China ride-hailing company Did Chuxing also invested in Grab.
Alphabet – Alphabet's Google unit is unveiling new augmented reality app tools today for mobile devices that use its Android operating system.
Amazon — Whole Foods still has relatively high prices despite selective price cuts following Amazon's takeover, according to an analysis published by Gordon Haskett Research Advisors analyst Charles Grom. Separately, Amazon and Microsoft announced a collaboration which will allow their digital assistants — Alexa and Cortana — to communicate with each other.
Goldman Sachs – Goldman plans to detail a turnaround strategy for its bond-trading unit next month, according to a Reuters report.
Target – Target is planning to scale back its use of Amazon Web Services as it tries to cut back on spending at its chief retail rival, according to sources. Microsoft is among those competing to provide web services to Target, sources say.
Apple – Apple CEO Tim Cook collected $89.6 million in incentives this week, according to a Securities and Exchange Commission filing, part of the 10-year deal he signed when he took over as CEO from the late Steve Jobs in 2011.
Ollie's Bargain Outlet – The discount retailer beat estimates on the top and bottom lines and saw same-store sales rise by 4.5 percent during the second quarter. The company also raised its comparable sales and earnings estimates for the full year.
Western Digital – Japan's Sankei newspaper reports that Western Digital and its partners will finalize their deal to buy Toshiba's chip unit Thursday. However, Japan's NHK is now reporting that a consortium led by private equity firm Bain has stepped in with a last minute bid for the unit.
Bob Evans Farms – The food distributor matched Street forecasts with adjusted quarterly profit of 37 cents per share, while sales exceeded forecasts on strength in refrigerated side dishes and sausages. Bob Evans also raised its full-year sales forecast.
Chico's FAS – The apparel retailer fell two cents a share short of estimates, with quarterly profit of 18 cents per share. Revenue matched estimates. Comparable sales were down 8.4 percent, more than the consensus estimate of a 7.7 percent drop.