The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
Check out the companies making headlines before the bell:
Anadarko Petroleum — Anadarko agreed to be acquired by Chevron in a cash-and-stock deal worth $33 billion, or $65 per share. The deal represents a 39% premium over Anadarko's Thursday closing price, and it could provide a boost to shares of Anadarko competitors like Pioneer Natural, Devon Energy, and Apache.
JPMorgan Chase — JPMorgan Chase reported quarterly profit of $2.65 per share for the first quarter, 30 cents a share above estimates. Revenue also topped forecasts, helped by particularly strong performances in consumer banking and corporate and investment banking.
Apple — Apple was downgraded to "sell" from "neutral" at New Street Research, which said the Street is too optimistic about iPhone replacement rates among other factors.
Walt Disney — Walt Disney said it would launch its Disney+ streaming service in November, at a cost of $6.99 per month. The service would compete with Netflix, whose shares have come under some pressure following Disney's announcement.
Boeing — CEO Dennis Muilenburg said 96 flights have been made in a test of updated 737 Max software and that so far, it is working as designed. Separately, the Federal Aviation Administration will hold a meeting today with major airlines and pilot unions to discuss the 737 Max jet.
Toyota — The automaker told Reuters it has been contacted by more than 50 companies since announcing free access to various electric vehicle patents last week.
Tesla — Tesla has halted online sales of the $35,000 base version of its Model 3, although it can still be ordered by phone or at stores. The lowest priced Model 3 available online is the $39,500 "Standard Plus," which includes Tesla's Autopilot feature.
Charter Communications — Charter has been targeted in a complaint from Big3 Basketball, one of the bidders for regional sports networks being sold by Walt Disney. Big3 Basketball alleged in a letter to the Federal Communication Commission and the Justice Department that Charter is undermining the sale process by threatening to drop those channels. Charter's biggest shareholder, Liberty Media, is also bidding for those networks. Charter responded by saying it welcomes the opportunity to discuss a future carriage agreement with the winning bidder.
Mosaic — Mosaic shares are under pressure after the fertilizer producer said it was suspending production at phosphate mines in Brazil. This comes after Mosaic was unable to obtain a deadline extension to implement new rules on dam stability.
Redfin — Redfin was rated "outperform" at Wedbush Securities, with a price target of $30 per share for the real estate website operator. Wedbush said Redfin is positioned to capture more market share in a rapidly evolving landscape.