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
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread 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
Shares of Mcdonald's hit a 4-month high Thursday as Kalinowski Equity Research named the burger chain its top restaurant-stock pick. The firm raised McDonald's to buy from neutral with a target price of $191.
The call comes nearly one month after McDonald's rolled out a domestic fresh-beef initiative, which analyst Mark Kalinowski thinks is helping lead to better U.S. same-store sales trends.
In a note to investors, Kalinowski said: "Based on our channel checks, we believe that McDonald's U.S. same-store traffic has turned positive over the two-month period encompassing April-May 2018. This follows a negative traffic period in Q1 2018."
On Thursday's "Halftime Report" trader Joe Terranova said "technically speaking I think today is a day you could say it's beginning to break out."
The stock shot up more than 4 percent after The Wall Street Journal reported McDonald's is slimming down its corporate structure and laying off workers in an effort to reduce expenses by $500 million by the end of 2019. The price gain of the fast-food giant added about 48 points to the Dow, outpacing all Dow gainers.
Shares of McDonald's are down 2 percent this year and 11 percent higher over the past 12 months.