May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
U.S. President Donald Trump on Thursday predicted a swift end to the ongoing trade war with China, although no high-level talks have been scheduled between the two countries.World Economyread more
President Donald Trump has threatened tariffs on another $300 billion worth of Chinese goods — but Chinese PC-maker Lenovo is prepared to shift its production if that happens,...Technologyread more
Indian Prime Minister Narendra Modi won a landslide re-election victory. That could see India taking a more assertive security stance.Asia Politicsread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Chinese technology giant Huawei has enough inventory to sustain its smartphone and 5G networking equipment business for most of the rest of the year, according to brokerage...Technologyread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Check out the companies making headlines before the bell:
Walt Disney – Walt Disney reported adjusted quarterly profit of $1.48 per share, 14 cents a share above estimates. Rrevenue also topped forecasts. The fiscal fourth quarter beat concluded a record year for Disney, with results helped by a strong performance by Disney's movie operations as well as higher theme park attendance.
Procter & Gamble – P&G unveiled a major reorganization of its operational structure, cutting the number of business units to six from 10. The changes will take effect in July 2019.
Monster Beverage – Goldman Sachs reiterated its "buy" recommendation and added the stock to its "Americas Conviction List." Monster shares fell more than three percent Thursday on concern about the introduction of a competing drink from Coca-Cola, but Goldman feels the downside risk to Monster from such a drink is limited.
StoneCo – Berkshire Hathaway has taken an 11.3 percent passive stake in the Brazilian payments processor as of October 29, according to a Securities and Exchange Commission filing. StoneCo went public on Nasdaq on October 25.
Revlon – The cosmetics company lost 21 cents per share for its latest quarter, less than the 40 cents a share loss expected by the single analyst who provided estimates to Refinitiv. Revenue was above that one estimate, and Revlon said it was continuing to streamline operations with moves that will include some headcount reduction.
Potbelly – The sandwich chain earned an adjusted 9 cents per share for its latest quarter, missing consensus estimates by 2 cents a share. Revenue also missed Street forecasts, with comparable sales at company owned locations declining by 0.2 percent. The company said it is pleased with its progress in improving customer traffic.
Activision Blizzard – Activision reported adjusted quarterly profit of 52 cents per share, beating estimates by 2 cents a share. The videogame publisher's revenue matching analysts' forecasts, however the shares are being pressured by a weaker-than-expected current-quarter forecast due in part to weakness in its "Destiny" franchise.
Hertz Global – Hertz earned adjusted $2.14 per share for its latest quarter, beating the consensus estimate of $1.71 a share. The car rental company's revenue also beat Wall Street projections. Hertz said it is pleased with the results of its operational turnaround, with revenue and profit having increased year-over-year for the fourth consecutive quarter.
Dropbox – Dropbox beat estimates by 5 cents a share, with adjusted quarterly profit of 11 cents per share. The cloud storage company's revenue also topped forecasts and Dropbox gave an upbeat current-quarter revenue forecast on an expansion in its paying customer base.
Yelp – Yelp fell a penny a share shy of expectations, with profit of 9 cents per share. The company's revenue came in short of estimates, as well. The online review site operator said it is addressing the issues that impacted its quarterly results, although it expects them to impact current quarter results as well. Yelp's quarter was impacted in part by no longer requiring business customers to commit to a fixed time period for advertising.
Allstate – The insurance company is mulling the sale of its fixed annuities business, according to a Bloomberg report. The unit is said to have a book value of $4 billion to $5 billion.
The Trade Desk – The company earned an adjusted 65 cents per share for the latest quarter, beating the consensus estimate of 50 cents a share. The developer of programmatic advertising technology also saw revenue come in above Street forecasts, boosted by an increase in the company's international business.