Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Prime Minister Narendra Modi and his Bharatiya Janata Party are set to form the new government again, exit polls from India's month-long parliamentary elections show. But past...Electionsread more
The latest crisis in the uneasy French-German relationship was accelerated by Trump's decision to stop Germany's comfortable and decades-old free-riding on trade and security...Europe Politicsread more
While some fans of the long-running "Game of Thrones" felt satisfied by the show's final bow, others were quick to express their displeasure with how events unfolded.Entertainmentread more
Stocks in Asia were mostly higher on Monday amid rising tensions between the U.S. and China.Asia Marketsread more
Russian Energy Minister Alexander Novak said there were different options available for OPEC and its oil-producing allies in the second half of 2019, including a possible...Oilread more
The Australian Electoral Commission (AEC) on Monday said Morrison's coalition has won 76 seats in Australia's parliament, which is comprised of 151 elected lawmakers.Electionsread more
These are the companies making headlines in the middle of Friday trading:
Intel, AMD – Intel fell 5.5 percent after the chipmaker said it expects revenue to be nearly flat compared to last year. But other chipmakers held up with AMD shares rising 5.2 percent. Many analysts believe Intel's issues were company specific and noted AMD was gaining market share in PCs and other areas.
Western Digital– The semiconductor stock jumped 7.5 percent. Western Digital's earnings were below expectations yet investors welcomed the company's efforts to cut costs.
Ford Motor – The automaker's shares rose 3 percent after CEO Jim Hackett sent an email to employees that last year's "mediocre" results were unacceptable. Hackett said Ford aims to nearly double its annual operating profit, although he did not specify when that would happen.
Vale S.A. – A dam owned by the Brazilian mining company burst on Friday, leading to evacuations. Local emergency personnel in Brazil told AFP that the dam's collapse caused "several deaths" due to a mudslide. Vale stock slid 8.1 percent on Friday.
Delta Air Lines, American Airlines, United Continental – Airline stocks initially fell following reports of delays at airports across the northeastern U.S. on Friday. The government shutdown is causing a rising shortage of air traffic controllers, which delayed flights to and from New York's LaGuardia, Newark Liberty International and Philadelphia International Airport. Shares of the airlines ended the day positive.
Starbucks – The coffee giant's shares gained as the company reported strong sales and earnings growth for its first quarter report. Starbucks saw revenue climb 9 percent year-over-year. Starbucks shares rose 3.6 percent.
ResMed – The medical equipment company stock dropped 19.4 percent after reporting shaky second quarter results, with revenue coming in below Wall Street estimates. ResMed announced a temporary suspension of share buybacks, saying the company needs more cash on hand for acquisitions. Goldman Sachs and J.P. Morgan each downgraded ResMed shares to ratings of neutral and underweight, respectively.