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:
Foot Locker — The athletic footwear and apparel retailer reported adjusted quarterly profit of $1.56 per share, compared to the $1.40 a share consensus estimate. Revenue also beat estimates, and a comparable-store sales increase of 9.7 percent was more than double the 4.6 percent prediction of analysts surveyed by Refinitiv.
Tesla — Tesla announced that it would sell a $35,000 version of its model 3, that future sales would be online only, and that it did not expect to be profitable during the first quarter. CEO Elon Musk did say he expects the automaker to return to profitability during the second quarter.
Gap — Gap announced it would split into two separate publicly traded companies. The apparel retailer's Old Navy unit will become a standalone company, with the Gap and Banana Republic brands remaining. Separately, Gap announced quarterly profit of 72 cents per share, 4 cents a share above estimates. Revenue came in slightly below Wall Street forecasts and comparable-store sales unexpectedly fell.
Nordstrom — Nordstrom came in 6 cents a share above estimates, with quarterly earnings of $1.48 per share. The retailer's revenue fell below Wall Street forecasts as customers bought less at its regular stores and more at its off-price locations. Nordstrom did give a 2019 full-year earnings forecasts that is largely above consensus.
Dell Technologies — The computer maker reported better-than-expected revenue in its first report since returning as a public company. Dell also gave a revenue forecast for its full year that is mostly above analysts' forecasts. The company reported operating income of $331 million during the quarter but did not issue a per-share earnings number.
Marriott — Marriott reported adjusted quarterly profit of $1.44 per share, 5 cents a share above estimates. Revenue was below analysts' forecasts and the company forecast lower-than-expected full-year profit, as demand weakens in the North American market.
AT&T — AT&T said HBO CEO Richard Plepler is stepping down, and The Wall Street Journal is reporting that Turner president David Levy will announce his departure as soon as today. Both executives came to AT&T as part of its acquisition of Time Warner last year.
WPP Group — WPP reported better-than-expected profit and revenue, and the world's largest advertising company also issued a better-than-expected full-year forecast.
Kraft Heinz — Kraft Heinz faces a shareholder lawsuit accusing the company of defrauding shareholders about its business prospects. The suit comes after the food maker announced a $15.4 billion writedown and slashed its dividend, resulting in a 27.5 percent one-day plunge for the stock.
Nutanix — Nutanix reported quarterly loss of 23 cents per share, 2 cents a share smaller than Wall Street had expected. Revenue was also above Street forecasts, however the cloud computing company gave a much-weaker-than-expected full-year forecast, with Nutanix saying it is in the process of addressing weaknesses in marketing and sales.
Caesars Entertainment — The casino operator announced an agreement with investor Carl Icahn, appointing three Icahn nominees to the board to replace three existing directors. Icahn will also have the right to appoint a fourth director if a new CEO who is acceptable to the new directors is not named within 45 days.