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
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
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
Check out which companies are making headlines before the bell:
Qualcomm – Broadcom announced a $70 per share bid for its chipmaking rival, worth approximately $105 billion when debt is excluded. The offer consists of $60 per share in cash and $10 per share in stock.
Advanced Micro Devices – AMD and longtime rival Intel are teaming up, according to The Wall Street Journal. They'll partner on a chip that includes an Intel processor and an AMD graphics chip, in an attempt to battle Nvidia.
CVS – CVS and insurer Aetna are working toward finalizing a more than $70 billion takeover and hope to complete the deal as early as December, according to Reuters. The companies are said to have agreed that CVS would pay for Aetna in both cash and stock. Separately, the drugstore chain operator and pharmacy benefits manager beat estimates by two cents a share, with adjusted quarterly profit of $1.50 per share. Revenue was also above forecasts. The beat comes despite the negative impact of lower pharmacy prices.
Mylan – The generic drugmaker fell 10 cents short of estimates, with adjusted quarterly profit of $1.10 per share. Revenue also missed forecasts. Mylan's results were impacted in part by lower North American sales.
Sprint, T-Mobile US – The wireless carriers have called off merger talks, saying they were unable to find mutually agreeable terms. At the same time, Sprint announced a new multiyear agreement to provide wireless service that will be sold by cable operator Altice USA.
Michael Kors – The luxury goods maker earned $1.33 per share for its latest quarter, well above estimates of 83 cents a share. Revenue beat forecasts, and the company raised its full-year outlook. Comparable-store sales fell by 1.7 percent, but that was smaller than the consensus Thomson Reuters estimate of a 4.7 percent decline.
Berkshire Hathaway – Berkshire reported quarterly profit of $2,094 per share, short of the $2,402 per share consensus estimate. The company's results were hurt by insurance claims related to the quarterly's hurricanes, as well as the Mexico earthquake.
Papa John's – Papa John's said it is re-evaluating its sponsorship of National Football League broadcasts in the wake of declining ratings. President Steve Ritchie said a continuing slide in ratings would mean that the pizza chain would need to shift advertising dollars into more effective venues.
Anthem – Chief Executive Officer Joseph Swedish is stepping down effective November 20 and will be replaced by former UnitedHealth executive Gail Boudreaux as its new CEO. Swedish will continue as executive chairman through May 2018.
Amazon.com — Amazon is cutting the prices of products from third-party sellers as the holiday season approaches. The sellers would still get full price while allowing Amazon to compete more aggressively with Wal-Mart and other competitors.
Goldman Sachs – Goldman and Chinese sovereign wealth fund CIC are reportedly partnering on a fund that would seek to invest up to $5 billion in the United States. The Wall Street Journal reports the fund will be announced during President Donald Trump's trip to Beijing this week. Separately, Goldman's asset management division is said to be facing a multimillion-dollar paper loss on its purchase of Venezuelan bonds, according to the Financial Times.
Netflix – The streaming service and "House of Cards" producer Media Rights Capital have cut ties with the program's star, Kevin Spacey, after sexual harassment accusations made by actor Anthony Rapp last week.
United Continental – The airline is considering the purchase of new Boeing 767 jets, even though Boeing stopped making the passenger version of that jet in 2014. Boeing does still produce versions of the 767 that serve as military refueling tankers and freighters.
Snap-On – The tool maker announced a 15.5 percent dividend increase, raising its quarterly payout to 82 cents per share from the prior 71 cents.