The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Check out the companies making headlines before the bell:
Tesla — The electric car maker said the Justice Department last month requested documents regarding CEO Elon Musk's tweets in early August about taking the company private. The New York Times also reported the Securities and Exchange Commission has sent subpoenas to Goldman Sachs and Silver Lake, which helped Tesla evaluate going private.
Tilray — Shares of the Canadian cannabis producer shot up more than 40 percent in the premarket after CEO Brendan Kennedy hinted to CNBC's that partnerships between pot companies and alcohol companies and pharmaceuticals could be coming. "If you're an investor in a pharmaceutical company or you're a pharmaceutical company, you have to hedge the offset from cannabis substitution, " he said. "I think all the alcohol companies need to enter this industry. It's a great hedge for them."
Netflix — Analysts at Guggenheim hiked their price target on Netflix shares to $420 from $360, implying a 14.2 percent upside from Tuesday's close. "We believe that Netflix subscriber penetration will significantly exceed what is implied in the company's current valuation," the analysts said.
E-Trade — Jefferies upgraded the online broker's stock to "buy" from "hold," citing an attractive valuation as well as the company's scale and revenue diversity at a time when competition in the space heats up. E-Trade's potential as a buyout candidate also makes it attractive, Jefferies said.
Juniper Networks — Nomura Instinet upgraded Juniper shares to "buy" from "neutral," and hiked its price target to $34 a share from $28. The analysts also raised their 2019 sales estimate to 5 percent and noted: "We expect Juniper to recover from its webscale routing annus horribilis, gain share in webscale switching, and continue its enterprise growth."