Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
Stocks in Asia Pacific edged up in Friday afternoon trade as a series of developments overnight on the U.S.-China trade front dampened hopes of a deal being reached between...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
Asian cities are on the rise and are dominant in the Fintech space.Financeread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
Check out the companies making headlines before the bell:
IBM – IBM is buying Linux software distributor Red Hat for about $33 billion in cash, or $190 per share, in its biggest ever acquisition. That represents a nearly 63 percent premium over Red Hat's Friday closing price of $116.68.
HSBC – HSBC reported profit of $5.9 billion for the third quarter, higher than the $5.6 billion that analysts were expecting. Europe's biggest bank saw its bottom line benefit from stronger business in Asia, as well as cost controls.
Bloomin' Brands – The restaurant chain reported adjusted quarterly profit of 10 cents per share, 1 cent a share above estimates. Revenue was in line with expectations. The parent of Outback Steakhouse and other restaurant chains saw comparable sales rise 2.9 percent, and it raised its full-year forecast.
First Data – The payment processing company fell 2 cents a share short of Street forecasts, with revenue above forecasts. First Data cut its full-year earnings forecast, due to the negative impact of currency fluctuations.
Booz Allen Hamilton – The technology consulting firm reported adjusted quarterly earnings of 68 cents per share, 9 cents a share above Street forecasts. Booz Allen's revenue fell slightly short of estimates, however, but the company raised its full-year earnings forecast above current analysts' estimates.
General Electric – GE shareholders are bracing for a dividend cut or suspension when GE reports quarterly earnings Tuesday morning, according to analysts who spoke to The Wall Street Journal. The paper said investors would actually take that as a good sign in that it would help GE conserve cash and use it to fix its businesses.
Tesla – Tesla shareholder Baillie Gifford & Co. said it would be willing to inject more cash into the automaker, according to a partner in the investment firm quoted by the Times of London. Baillie Gifford is the third largest Tesla shareholder with a 7.72 percent stake.
Ford Motor – Ford was upgraded to "buy" from "neutral" at Goldman Sachs, which also increased its price target on the automaker's shares to $12 from $9. Goldman said Ford would see an earnings trough in 2019, followed by improvement based on refreshments in the product line as well as cost improvements.
Apple – Apple is $7 billion behind in its royalty payments to Qualcomm, according to the chipmaker. Qualcomm made its claim in a court hearing on Friday, the latest in a series of legal actions between the two companies. Separately, Jefferies initiated coverage of Apple with a "buy" rating, saying the iPhone will serve as the foundation for "massive" recurring services revenue.
Ralph Lauren – Ralph Lauren was rated "buy" in new coverage at Deutsche Bank, which said the apparel maker is in the early stages of a brand turnaround with an improvement in profitability already apparent.
Electronic Arts – Electronic Arts was downgraded to "sector weight" from "overweight" at KeyBanc, citing diminished confidence in the videogame maker's product pipeline and the expectation of downward revisions in earnings estimates.