Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
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
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
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
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
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 the companies making headlines before the bell:
Kohl's – The retailer beat Street forecasts by 14 cents a share, with adjusted quarterly profit of 64 cents per share. Revenue beat estimates, as well. Comparable-store sales were up 3.6 percent, better than the Thomson Reuters consensus estimate of a 2.7 percent gain. Kohl's also raised its full-year earnings forecast.
Advance Auto Parts – The auto parts retailer reported adjusted quarterly profit of $2.10 per share, beating the $1.97 a share consensus estimate. Revenue was slightly short of forecasts and comparable-store sales fell 0.8 percent, but profit margins were improved compared to a year ago.
AutoZone – AutoZone earned $13.42 per share for its latest quarter, above the Street consensus of $12.94 a share. The auto parts retailer did see revenue fall slightly short of estimates, however, while same-store sales rose 0.6 percent.
General Motors, Ford Motor, Fiat Chrysler Automobiles – These and other auto stocks may get a boost from China's announcement that it is slashing tariffs on cars and car parts. Parts makers like Lear, Johnson Controls, Borg Warner may also benefit.
Micron Technologies – Micron announced a $10 billion stock buyback, its biggest ever. That represents about 16 percent of the memory chip maker's market value. Separately, Micron announced a joint production deal with Intel involving the world's highest density flash memory chip.
Adobe Systems – Adobe will buy e-commerce services provider Magento Commerce from private-equity firm Permira for $1.68 billion cash. Permira had bought Magento from eBay in 2015. Separately, the software company announced an $8 billion stock buyback.
Toll Brothers – Toll Brothers reported quarterly profit of 72 cents per share, missing estimates by 4 cents a share. The luxury home builder's revenue came in above forecasts. Profit was more than 17 percent above year-ago levels, with strong demand in spite of higher mortgage rates.
Pure Storage – The company lost an adjusted 7 cents per share for its latest quarter, 5 cents a share smaller than Wall Street had anticipated. The provider of flash-based storage solutions saw revenue come in above estimates. The company also gave current-quarter revenue guidance in line with current forecasts.
Sony – Sony will pay $2.3 billion for a controlling stake in music publishing giant EMI. The deal grows Sony's music catalog to more than two million songs, the world's biggest.
Boeing – Boeing workers at its 787 Dreamliner production facility in South Carolina will vote on union representation later this month, after the National Labor Relations Board ruled that a vote could proceed.
Intercontinental Exchange – The New York Stock Exchange parent named NYSE chief operating officer Stacey Cunningham to succeed Thomas Farley as president, the first female leader in NYSE history. The change will be effective Friday.
Anheuser-Busch InBev – The beer brewer was upgraded to "sector perform" from "underperform" at RBC Capital Markets, which cited several factors including valuation.
Macy's – The retailer's stock was upgraded to "positive" from "neutral" at Susquehanna Financial, saying Macy's has initiatives in place that will drive comparable store sales higher.