Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018.Traderead more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread 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
China is reducing support for its electric carmakers a move experts and industry insiders warn could lead to consolidation and waning investor appetite. But some of the...Technologyread more
Is your CEO on the list? Glassdoor has the results.Power Playersread more
Joseph Gaspar, the chief financial officer at Elbit Systems, said M&A among firms in the sector began to pick up pace in the 1980s and looks set to continue.Paris Air Showread more
Stocks in Asia rose on Wednesday following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
The U.S. Department of Defense has hit back at Russian officials who have criticized a U.S. plan to deploy more troops to the Middle East.World Politicsread more
Indigo Partners is to use the A321 XLR jets across airlines it runs out of the United States, Chile and Mexico.Paris Air Showread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Check out which companies are making headlines before the bell:
PepsiCo – The snack and beverage maker reported adjusted quarterly profit of $1.61 per share, beating estimates by 9 cents a share. Revenue also came in above forecasts. PepsiCo also reported overall organic revenue growth that beat Street forecasts, and reiterated its full-year guidance.
EBay – EBay was downgraded to “hold” from “buy” at SunTrust, which feels eBay will face some headwinds following the Supreme Court’s recent ruling on e-commerce tax collections.
Pfizer – Pfizer responded to criticism from President Donald Trump about raising drug prices, saying that prices have remained unchanged for the majority of its drugs and that in some cases, prices have fallen. The president criticized Pfizer and other drug companies for their pricing practices in a Monday tweet.
Walgreens Boots Alliance – Evercore downgraded the drugstore chain operator’s stock to “in-line” from “outperform,” with Amazon’s purchase of PillPack only one of several factors that could pressure the longer-term outlook for Walgreens.
Shire — Japan’s Takeda Pharmaceutical received approval from the Federal Trade Commission for its $62 billion purchase of the British drugmaker. Takeda still needs regulatory approval from the European Union and China.
Altaba — SoftBank increased its stake in Yahoo Japan to over 48 percent from about 43 percent, as part of a complex deal with Altaba for a net investment of about $9 million. Altaba, the company formerly known as Yahoo, will now have a 27 percent stake in Yahoo Japan.
Xerox — Fuji Xerox CEO Kouichi Tamai told Reuters the joint venture between Xerox and Fujifilm would not be broken up, despite the ongoing dispute between the two companies over the planned merger that was canceled by Xerox.
Chipotle Mexican Grill – The restaurant chain’s stock was downgraded to “underperform” from “neutral” at Mizuho, which points out that the stock has jumped 80 percent since Brian Niccol’s appointment as CEO and that the stock is currently pricing in an aggressive recovery in both comparable sales and profit margins.
Baidu – The China-based firm will collaborate with automaker BMW to develop autonomous driving technology in China.
WPP – The ad agency was outbid by former CEO Martin Sorrell for Netherlands-based digital production agency MediaMonks. The Wall Street Journal reports that a new venture founded by Sorrell will pay about $352 million for MediaMonks.
J.M. Smucker — Smucker will sell its U.S. baking business to private-equity firm Brynwood Partners for $375 million, including assumed debt. Among the names included in the deal are Pillsbury baking mixes and Hungry Jack pancakes.
Wynn Resorts – Wynn Resorts was upgraded to “buy” from “hold” at Stifel Nicolaus, which said a recent pullback in the stock’s price has created a compelling risk/reward profile for the casino operator.
Paccar – Paccar announced a $300 million share repurchase program, following the recent completion of the truck maker’s previous $300 million buyback.
Quest Diagnostics – Evercore upgraded the medical lab operator’s stock to “outperform” from “in-line,” noting that the business is “safe haven” less exposed to factors like Amazon.com and political risk. Evercore also notes that Quest has engineered an “epic turnaround” under new management.