Many investors and analysts have increasingly lowered their expectations for the U.S. and China to find a quick resolution.World Economyread more
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
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
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
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread 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
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
Check out the companies making headlines before the bell:
Eli Lilly — The pharmaceutical giant announced it will buy Loxo Oncology — a company that specializes in cancer drugs — for $8 billion in cash, or $235 per share. The offer represents a premium of about 68 percent to Loxo's closing price on Friday. Shares of Loxo surged 61 percent in the premarket at $225.
Apple — Apple and Samsung struck a deal that lets the iPhone maker distribute iTunes shows on Samsung smart TVs. The capability will be added through an app which will launch in the coming months, Samsung said.
PG&E — The beleaguered California-based utility company is exploring filing for bankruptcy protection for some or all of its business, Reuters reported on Friday, citing sources. PG&E is facing billions of dollars in liabilities after California was hit with massive wildfires in the past two years. Shares of PG&E dropped nearly 20 percent before the bell Monday.
Amazon — Pivotal Research Group initiated coverage of Amazon with a "buy" rating and a price target of $1,920, implying an upside of nearly 21 percent. "Despite its current massive size, we see Amazon's opportunities as mostly unconstrained based on a successful track record of capitalizing on consumer and IT department spending," Pivotal said in a note.
General Motors — The automaker was upgraded to "outperform" from "market perform" at BMO Capital Markets, with the bank citing a potential higher multiple for GM's self-driving car division being priced into the stock. BMO also hiked its price target on GM to $41 from $38.
General Electric — The company's aircraft leasing unit is being targeted by private-equity firm Apollo Global Management, which is reportedly working on an offer for the business. GE's division is reportedly worth as much as $40 billion.
Dollar Tree — The Wall Street Journal reported that Starboard Value, an activist investor, wants the company to sell its Family Dollar business. The report, which cites sources, said Starboard currently has a 1.7 percent stake in Dollar Tree.
Micron — BMO Capital Markets upgraded the chipmaker's stock to "outperform" from "market perform," noting the shares "have bottomed out." BMO cited two factors for the upgrade: "valuation and a structurally more profitable company, which will lead to FCF generation even under rather dire scenarios that we are modeling for."