The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Check out which companies are making headlines before the bell:
IBM – IBM broke a long string of revenue declines, chalking up its first gain in 23 quarters. It reported adjusted quarterly profit of $5.18 per share, beating estimates by a penny a share, but the company did warn that a higher tax rate for 2018 would impact its profits.
American Express – The company earned an adjusted $1.58 per share for the fourth quarter, beating estimates by 4 cents a share. The financial services giant also saw revenue beat forecasts, however, the company reported its first overall quarterly loss in 25 years stemming from charges related to tax law changes. The company will maintain its quarterly dividend but has suspended share buybacks for the first half of 2018.
Acorda Therapeutics – The drugmaker has reportedly received takeover interest from biotech firm Biogen, according to a Bloomberg report. Separately, Acorda announced a corporate restructuring designed to reduce expenses.
Lowe's – The home improvement chain named two new directors and said it would nominate a third at its annual meeting, following talks with activist investor D.E. Shaw.
Foot Locker – The athletic footwear and apparel retailer was upgraded to "outperform" from "market perform" at Telsey Advisory Group, which thinks the worst is behind the industry as a whole and that Foot Locker acted quickly and decisively to adjust expenses and reorganize its business in light of those overall difficulties. Telsey is also positive on Deckers Outdoor, Nike, and Steven Madden.
Nike – In addition to the positive mention at Telsey, Nike was upgraded to "outperform" from "neutral" at Wedbush, which sees a return to growth in fiscal 2019
Canadian Pacific Railway – The rail operator reported better than expected profit and revenue for its latest quarter, and said it was considering strategic deals to boost shipments of crude oil by rail. The rail operator is also forecasting higher pricing this year on rising demand.
Texas Instruments – Texas Instruments will promote chief operating officer Brian Crutcher to Chief Executive Officer in June, succeeding Rich Templeton. Templeton will remain the semiconductor maker's chairman.
Alphabet – Alphabet's Google unit struck a patent licensing agreement with China's Tencent Holdings in a move to expand its presence in China. This is Google's first such deal with a major Chinese tech company.
Berkshire Hathaway – Berkshire Vice Chairman Ajit Jain reported an ownership stake of about $109 million in the company's stock. Jain is seen as a possible eventual successor to Warren Buffett.
ADT — ADT priced its initial public offering at $14 per share, well below the original target range of $17 to $19 per share. The home security company's offering values the company at about $10.6 billion.
Snap – The Snapchat parent has laid off 24 workers, half from its content team. The affected workers were based in New York and London, with the social media company consolidating its content operations in Los Angeles.
Mellanox Technologies – Mellanox reported better than expected revenue and profit for the fourth quarter, and the Israeli chipmaker also gave upbeat guidance for 2018. Mellanox is in the midst of a proxy fight with activist investor Starboard Value, which considers the company deeply undervalued.