After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
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President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
President Donald Trump renewed calls Tuesday to readmit Russia to the G-7 ahead of the group's summit in Biarritz, France, this weekend.Politicsread more
Biden has shown staying power at the top of a jammed Democratic field even as polling numbers for Sanders, Warren and Harris wax and wane.2020 Electionsread more
U.S. stock index futures pointed to a lower open Friday, as investors digested the latest news surrounding the U.S. economy.
Dow Jones industrial average futures fell 49 points, while S&P 500 and Nasdaq 100 futures declined 9.5 points and 20 points, respectively.
In the previous trading session, all major U.S. indexes posted sharp declines with the Dow falling 101 points, on the back of concerns that a corporate tax cut could be delayed.
A proposed plan by Senate Republicans would push chopping the corporate tax rate from 35 percent to 20 percent until 2019. Republicans argue that the reduction will assist in motivating firms to keep their operations within the U.S., boost salaries and be able to employ more people.
The move, however, is seen as contradicting with another bill which is currently working its way through the House.
Elsewhere, President Donald Trump continues his trip across Asia Friday. On the last trading day of the week, the incumbent brought the topic of trade to the table in Vietnam.
Speaking at the Asia-Pacific Economic Cooperation summit in Vietnam, Trump stated that while the U.S. was ready to make bilateral deals with countries in the Indo-Pacific region, this would only be on the foundation of "mutual respect and mutual benefit," adding that the States could no longer tolerate chronic trade abuses.
After a bumper week of corporate earnings, Friday delivered a lighter load than usual. JC Penney released quarterly results that were better than expected, sending the stock 7 percent higher before the bell.