Stocks opened lower on Friday after China said it will slap new tariffs on U.S. goods.US Marketsread more
Powell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
One area that has been raising alarm bells is the market's growing expectation that inflation will go lower and lower, and stay there for a long time.Market Insiderread more
On Tuesday, Walmart filed suit against Tesla alleging its solar panels had caused fires in seven of its stores.Technologyread more
The idea came up as the White House brainstorms on ways to avoid a preelection economic slowdown, The Washington Post reports.US Economyread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
At least three members of Facebook's Libra organization are considering leaving the operation due to intense regulatory scrutiny.Technologyread more
Google on Friday released a new set of community guidelines that are meant to crack down on what employees can say inside the company.Technologyread more
Emails between Facebook employees from 2015 illustrate early actions the company took to investigate third-party use of their data.Technologyread more
Andrew McCabe filed a lawsuit alleging that his removal was part of a scheme by President Donald Trump to remove government employees "because they were not politically loyal...Politicsread more
Check out the companies making headlines before the bell:
Travelers – The insurer reported quarterly profit of $2.54 per share, beating the consensus estimate of $2.26 a share. Revenue also topped Wall Street forecasts. Travelers saw growth in both personal and business insurance, as well as strong retention numbers.
Blackstone – The private-equity firm's economic net income beat Street forecasts by 2 cents a share at 76 cents per share, while revenue was above estimates, as well. Assets under management surged 18 percent from a year ago to a record $457 billion.
Bank of New York Mellon – The bank beat estimates by 2 cents a share, with quarterly earnings of $1.06 per share. Revenue was below Street projections. The company characterized its revenue growth as only "modest" but added that it is confident it can boost revenue performance.
Danaher – The science and medical technology company beat estimates by 2 cents a share, with adjusted quarterly earnings of $1.10 per share. Revenue also came in above forecasts and Danaher raised its full-year forecast.
Textron – The aircraft and defense systems maker reported adjusted profit of 61 cents per share, falling short of the 76 cents a share consensus estimate. Revenue also missed forecasts, on declines in its industrial and systems businesses. Textron gave forward guidance that falls below analysts' forecasts.
Philip Morris – The tobacco producer beat estimates by 16 cents a share, with adjusted quarterly earnings of $1.44 per share. Revenue also exceeded forecasts. Shipment volumes were helped growth in so-called "heat but not burn" smoking products.
Snap-On – The tool and equipment maker fell a penny a share short of forecasts, with quarterly profit of $2.85 per share. Revenue also missed expectations. The company noted "sales turbulence" in one of its key units, but said it saw overall "encouraging progress" in other areas.
Constellation Brands — Chief Executive Officer Rob Sands is stepping down on March 1. He'll remain with the company as executive chairman, and will be succeeded by the spirits maker's president, Bill Newlands.
Visa – Visa is raising its quarterly dividend to 25 cents per share from 21 cents, an increase of 19 percent. The increased dividend will be paid on December 4 to shareholders of record as of November 16.
Alcoa – Alcoa reported adjusted quarterly profit of 63 cents per share, well above the consensus estimate of 36 cents a share. Te aluminum producer's revenue also came in above forecasts. Alcoa saw higher aluminum prices during the quarter, prompted by supply disruptions, and the company also announced a $200 million stock buyback program.
Sealed Air – Sealed Air cut its annual earnings forecast, with the industrial gas maker citing a negative impact from currency translation as well as higher costs.
Shire — Japanese regulators approved Takeda Pharmaceutical's $62 billion acquisition of the British drugmaker. The deal has already gotten clearance from the U.S., Brazil, and China, and awaits clearance from the European Union.
SAP – SAP raised its outlook following a 41 percent jump in third quarter cloud revenues. The business software maker now expects revenue growth of 7.5 percent to 8.5 percent this year, up from the prior range of 6 percent to 7.5 percent. It also raised the lower end of its profit forecast range. Some analysts are expressing concern about profit margins, however.
Novartis – Novartis is buying U.S. drugmaker Endocyte for $2.1 billion or $24 per share in cash. That represents a 54 percent premium over Endocyte's Wednesday closing price of $15.56. Endocyte specializes in radiopharmaceutical drugs, which carry radioactive substances directly to cancer cells.
EBay – The online marketplace operator is suing Amazon.com, alleging the online retail giant of illegally poaching eBay sellers using its internal messaging system. Amazon said it is investigating the accusation.