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
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 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
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:
Northrop Grumman – Northrop is pursuing a Japanese jet fighter contract that may put it in competition with US rival Lockheed Martin, according to sources who spoke to Reuters. Northrop had lost a competition against Lockheed for an Air Force stealth fighter jet nearly three decades ago.
Echostar – Echostar is now seeking talks with Immarsat after its $3.2 billion bid to buy the British satellite firm was rebuffed. Immarsat said the offer significantly undervalues the company, as it had when it rejected a prior offer from its U.S. rival last month.
Ford Motor – Ford reported a 38 percent drop in China vehicle sales in June, capping a first half sales slump. For the first six months of the year, sales were down 25 percent, the biggest decline since Ford started China operations in 2001.
Tesla – The automaker’s Fremont, California factory is the subject of another probe by California regulators, following a safety-related complaint. California’s Occupational Safety and Health Administration acknowledged opening the case on June 21, but has not given specific details on the investigation.
Biogen – Biogen said a new Alzheimer’s drug succeeded in a mid-stage trial for patients receiving the highest dose. Biogen is developing the drug in partnership with Japan’s Eisai Co., whose shares surged in Tokyo trading.
Boeing – Boeing could get a boost after European rival Airbus raised its 20-year forecast for aircraft demand by more than seven percent.
Wynn Resorts – Wynn Resorts announced the departure of long time general counsel Kim Sinatra, effective July 15. The hotel and casino operator said it had not yet finalized the terms of Sinatra’s transition and departure.
Deutsche Bank – A German magazine reports that JPMorgan Chase and Industrial and Commercial Bank of China may both be interested in taking a stake in Deutsche Bank. JPMorgan subsequently denied that it was interested, and the German government denied it had privately expressed concerns about the bank.
Kraft Heinz, Conagra – Shares of the two food makers could be impacted after a Financial Times report that American ketchup could be next on a list of EU trade targets. Kraft Heinz makes the popular Heinz ketchup brand, while Conagra is the maker of Hunt’s.
PriceSmart – PriceSmart reported quarterly earnings of 61 cents per share, 2 cents below forecasts, though the retailer’s revenue did exceed forecasts. The warehouse retailer’s costs following several recent acquisitions.
Square – Square withdrew its application with the FDIC to open a depository bank, which would allow it to collect government-insured deposits. The mobile payments company plans to refile after it strengthens its application.