Stocks opened lower on Friday after China said it will slap new tariffs on U.S. goods.US Marketsread 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
Ideas include a rotation of Federal Reserve governors that would make it easier to curb Powell's power, according to the Washington Post.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
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
Moulton was one of the few candidates not to make the debate stages in June and July.2020 Electionsread more
The Fed's James Bullard says the central bank should continue to ease monetary policy because of the recession signal being flashed by the bond market.Investingread more
Check out the companies making headlines before the bell:
Goldman Sachs – Goldman reported quarterly profit of $6.04 per share, well above the consensus estimate of $4.45 a share. Revenue also beat forecasts, with a 12 percent increase year over year to the highest level since 2010.
BlackRock – The asset management giant reported adjusted quarterly profit of $6.08 per share, below the consensus estimate of $6.27 a share. BlackRock also announced it was raising its dividend to $3.30 per share from $3.13.
Bank of New York Mellon – The bank earned an adjusted 99 cents per share, 7 cents a share above forecasts. Revenue was very slightly below estimates. Bank of New York Mellon also said it would be focusing "keenly" on managing it expenses this year.
United Continental – United reported adjusted quarterly profit of $2.41 per share, beating the consensus estimate of $2.04 a share. The airline's revenue also came in above estimates, amid an increased customer count prompted by an expansion of its domestic network.
PG&E – PG&E is being removed from the S&P 500 index, amid the utility's stock plunge as investors assess its potential liability related to last year's California wildfires. PG&E will be replaced in the index by medical device maker Teleflex.
Snap – Snap said its 2018 fourth-quarter results are expecting to be near the top end of its previously reported guidance. Separately, the social media company announced that chief financial officer Tim Stone will be stepping down to pursue other opportunities.
Salesforce.com – Salesforce is in talks to acquire privately held software developer ClickSoftware Technologies for about $1.5 billion, according to the Israeli financial news website Calcalist. ClickSoftware is currently owned by private-equity firm Francisco Partners.
Nordstrom – The retailer reported a 0.3 percent increase in comparable-store sales at its full-priced locations in November and December, less than expected. Nordstrom cites lower traffic at those stores, although it also said comparable sales at it off-price stores rose 3.9 percent during that same period. The stock has now been downgraded to "neutral" from "buy" at Goldman Sachs, which also removed it from its "Conviction Buy" list.
Gannett – The USA Today publisher is pursuing a purchase of digital publisher Gizmodo Media, according to The Wall Street Journal. The paper said, however, that the effort may hit a snag because of a takeover bid for Gannett by newspaper publisher MNG Enterprises.