The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread 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
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Republican Sen. Ron Johnson told CNBC this morning that he wants to fix the GOP tax bill so he can change his 'no' vote to a 'yes.' On Wednesday, he became the first Republican to voice opposition to the measure in its current form. (CNBC)
Sens. Susan Collins of Maine, Bob Corker of Tennessee, and John McCain of Arizona also voiced concerns, but refused to say whether they would ultimately vote for the bill. (NY Times)
* The GOP tax plan is deeply unpopular, according to the latest polling (CNBC)
Billionaire businessman and potential presidential candidate Mark Cuban says that a cut in the corporate tax rate would have little to no effect on his investment decisions. Economists who joined Cuban also disputed the traditional conservative argument behind tax cuts. (Reuters)
Elon Musk is set to pitch an electric semitrailer truck tonight, at a time when Tesla (TSLA) grinds through what the billionaire entrepreneur calls "production hell" with the company's cheaper Model 3 sedan that's aimed at more mass-market drivers. (WSJ)
Procter & Gamble's (PG) proxy fight with investor Nelson Peltz re-emerged as a recount showed Peltz had won by 43,000 votes out of 2.6 billion, but the consumer products giant has not yet conceded and said those results are still subject to review and a possible challenge. (CNBC)
Mattel (MAT) has reportedly rejected Hasbro's (HAS) latest takeover approach. Mattel is said to have told its rival toymaker that its bid undervalues the company and also does not take into account possible antitrust issues with regulators. (Reuters)
Time (TIME) is in talks to sell itself to Meredith Corp. (MDP), according to multiple reports, with several banks and the billionaire Koch brothers set to lend financial support to Meredith for its pursuit of its rival magazine publisher. (NY Times)
The billionaire founder of Insys Therapeutics (INSY) was expected to plead not guilty in federal court in Boston today to charges that he participated in a scheme to bribe doctors to prescribe a powerful opioid pain medication. (Reuters)
GOP leaders are apparently exploring dramatic options to salvage the Alabama Senate seat after polls show Republican nominee Roy Moore's prospects fading amid sexual misconduct allegations and denouncements from top party leaders. (Politico)
* Four more women make allegations against Roy Moore (CNBC)
* Ivanka Trump: 'There's a special place in hell for people who prey on children' (AP)
In a letter shared with the league's owners, the NFL has reportedly accused Dallas Cowboys owner Jerry Jones of trying to sabotage its contract negotiations with commissioner Roger Goodell. The topic of trying to remove Jones has been apparently discussed by some owners. (WSJ)
A North Korean soldier who staged a dramatic escape to South Korea may potentially have useful insights about dictator Kim Jong Un's administration. Footage of the defector's bold escape is expected to be revealed later today. (CNBC)
* Two months without a North Korean missile test: Cause for hope? (USA Today)
Twitter (TWTR) has revoked the verified status of white supremacists on its platform after changing the rules around who gets a blue badge. It said problems around verification worsened when it allowed the public to submit requests for accounts to be verified. (CNBC)
A Leonardo da Vinci painting has sold for more than $450 million on Wednesday, according to auction house Christie's, which said that it topped a world record for any work of art sold at an auction. (CNBC)
RH (RH) was surging 20 percent in premarket trading after raising current quarter guidance. The operator of Restoration Hardware said the increased forecast reflects the success of its new membership model and more efficient operations.
L Brands (LB) reported quarterly profit that was in-line with forecasts at an adjusted 30 cents per share. The Victoria's Secret parent saw revenue beat. However, L Brands did report a drop in comparable store sales.
As Coca-Cola (KO) holds its investor day today, the beverage giant said it's reaffirming its full- year 2017 guidance as well as its previously provided 2018 outlook.
NetApp (NTAP) beat estimates by 12 cents with quarterly profit of 81 cents per share, with the data storage solutions company also seeing revenue beat Street forecasts. NetApp also gave an upbeat current quarter outlook.
Emerson (EMR) is planning to send a letter as early as today to Rockwell Automation (ROK), proposing a sweetened takeover of $225 per share cash and stock deal worth about $29 billion, Dow Jones reports.
U.S. No. 3 carrier T-Mobile US (TMUS) will propose a "significant" share buyback that could start in December, the CFO said, a sign of confidence after the collapse of its merger with Sprint (S).
Pharmacy benefits manager Express Scripts (EXRX) has struck a deal with a Bay Area start-up to better treat patients with chronic respiratory problems. It comes as many believe that Amazon (AMZN) will compete in the drug supply chain.
Thanksgiving dinner will be easier on the wallet this year. The American Farm Bureau Federation says found the price of the turkey and all the trimmings for 10 people will cost an average of $49.12. That's down 1.5 percent or 75 cents from last year. (CNBC)