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
Futures were lower this morning as investors absorb the somewhat hawkish tone of Fed minutes. The S&P 500 and Nasdaq haven't been able to post back-to-back gains during October. The Dow has not done so since rising on the first three days of the month. (CNBC)
* Here's what the Street isn't paying attention to from Fed (CNBC)
* China stocks plunge amid growing worries about the economy (Reuters)
Dow component Travelers (TRV) is out with quarterly earnings this morning, as is private equity firm Blackstone (BX). Dow component American Express (AXP) leads this afternoon's list of after-the-bell quarterly earnings reports. (CNBC)
St. Louis Fed President James Bullard will speak on monetary policy and the economy this morning in Memphis, Tennessee, while Fed Vice Chairman Randal Quarles participates in a lunchtime event at the New York Economics Club. (CNBC)
The Labor Department is out with its weekly report on initial jobless claims at 8:30 a.m. ET. At the same time, the Philadelphia Fed will issue its manufacturing index for October. (CNBC)
President Donald Trump will meet with Mike Pompeo today following the secretary of state's two-day trip to Saudi Arabia and Turkey. Pompeo sought answers on the disappearance and even murder of journalist Jamal Khashoggi. (USA Today)
* A private prod to the Saudis (Axios)
* Audio offers gruesome details of Jamal Khashoggi killing (NY Times)
Another building is stripping Trump off its entrance, the New York Times reported. Residents of Trump Place on Manhattan's Upper West Side of have joined three other buildings in the neighborhood in stripping the brassy five-letter name.
In New York state's 19th District and other swing races, Democrats have run with health care as their top issue. Democrat Antonio Delgado hammered first-term GOP Rep. John Faso over his vote to repeal and replace the Affordable Care Act. (CNBC)
CNBC has learned that New York Attorney General Barbara Underwood has opened a probe into MoviePass parent company Helios and Matheson (HMNY). The office is investigating whether it misled the investment community.
CNBC has learned that Beyond Meat has hired J.P. Morgan (JPM), Goldman Sachs (GS) and Credit Suisse for an initial public offering. Its current investors include Bill Gates, Leonardo DiCaprio, Jack & Suzy Welch and Kleiner Perkins.
Constellation Brands (STX) 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. (CNBC)
Uber has raised $2 billion in a junk bond sale, according to the Financial Times, as it gears up for its 2019 stock market debut. It is preparing for an IPO that media reports have noted could value it at more than $100 billion.
Facebook (FB) thinks the hackers who gained access to private information of 30 million user tokens were spammers seeking to make money through deceptive advertising, according to the Wall Street Journal, citing sources.
Pharmaceutical giant Pfizer (PFE) is offering early retirement to U.S. workers ahead of layoffs early next year, CNBC has learned. The company announced the program to workers on Tuesday, according to materials obtained by CNBC.
Visa (V) 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 (AA) reported adjusted quarterly profit of 63 cents per share, well above the consensus estimate of 36 cents, while the 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 (SEE) cut its annual earnings forecast, with the industrial gas maker citing a negative impact from currency translation as well as higher costs.
Japanese regulators approved Takeda Pharmaceutical's $62 billion acquisition of British drug maker Shire (SHPG). 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 to 8.5 percent this year, up from the prior range of 6 to 7.5 percent. It also raised the lower end of its profit forecast range. However, some analysts are expressing concern about profit margins.
Novartis (NVS) is buying U.S. drug maker Endocyte (ECYT) 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 (EBAY) is suing Amazon.com (AMZN), alleging the online retail giant of illegally poaching eBay sellers using its internal messaging system. Amazon said it is investigating the accusation.
One night after the largest jackpot in Mega Millions history rolled to Friday, Powerball's $378 million prize survived to the next drawing. The United States' two big lottery games now have a combined $1.3 billion up for grabs. (USA Today)