Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
The order for 200 737 Max jets from British Airways parent IAG was a vote of confidence for Boeing's beleaguered aircraft following two fatal crashes.Airlinesread more
Adobe expects fiscal third-quarter earnings and revenue that are below what analysts were looking for.Technologyread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Facebook and other groups are behind a new programming language for working with the Libra blockchain.Technologyread more
Check out the companies making headlines before the bell:
Harley-Davidson – The motorcycle maker said newly raised European Union tariffs would add $2,200 to the cost of each motorcycle exported to the EU from the U.S., but that it would not raise prices as a result. Harley plans to shift production of motorcycles intended for EU purchase out of the U.S. to its international facilities, but that this may take up to 18 months to complete.
Netflix - Chief communications officer Jonathan Friedland is resigning. The company did not give details on why Friedland was leaving, but he tweeted that he had spoken in an “insensitive” manner. Friedland had spent seven years with Netflix.
General Electric – GE is near a sale of its industrial engine unit to private equity firm Advent International, according to the Wall Street Journal. A sale worth $3 billion or more could be announced as soon as today, according to the paper, with Advent beating out Cummins for that business.
Microsoft – Microsoft was upgraded to “overweight” from “neutral” at Atlantic Equities, which said Microsoft has successfully managed its transition to being a cloud-based company and has expanded its potential market in doing so.
Amazon.com – Amazon has expanded its savings program for Prime members at its Whole Foods grocery stores, with the savings now available nationwide. The program was first launched in Florida last month.
Kroger – The supermarket operator’s stock was downgraded to “hold” from “buy” by Pivotal Research. The call was made on a valuation basis, with the stock up 17 percent over the past month.
Tapestry – The company formerly known as Coach is rated “buy” in new coverage at Goldman Sachs, saying it sees strong growth prospects for both the Coach and Kate Spade brands.
Estee Lauder – The stock was downgraded to “equal-weight” from “overweight” at Morgan Stanley. The firm had rated the cosmetics maker “overweight” since 2012 and is still a long-term bull, but is making this call on a valuation basis as well as some short term risk factors.
Education Realty Trust – Education Realty agreed to be bought by Greystar Student Housing Growth and Income Fund for about $4.6 billion including assumed debt. Shareholders in the owner of college student housing communities will receive $41.50 per share in cash, compared to Friday’s closing price of $40.83.
Campbell Soup – Campbell Soup is drawing possible takeover interest from Kraft Heinz, according to the New York Post. The paper said Kraft believes the soup maker’s management will soon initiate a sales process, and also reported that General Mills could be a potential buyer as well.
KKR – KKR is facing a backlash from pension funds that have invested billions in the private equity firm, according to the Financial Times. The funds are said to be upset with KKR’s treatment of workers at bankrupt toy retailer Toys R Us.
Medtronic – The medical device maker reported upbeat study results for its MiniMed 670G insulin pump system.
Intel – Intel was downgraded to “neutral” from “buy” at Nomura/Instinet, which cited the departure of CEO Brian Krzanich last week as well as uncertainty about the chipmaker’s longer term prospects.