The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
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President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Facebook and other groups are behind a new programming language for working with the Libra blockchain.Technologyread more
Tesla investors are regaining confidence in a quieter Elon Musk — even as they question the company's ability to hit its production goals for the second quarter.Autosread more
Long-time blockchain technologists say Facebook's Libra digital currency will introduce billions to cryptocurrencies, but the company's problems with trust and privacy remain...Technologyread more
Valisure, an online pharmacy company, told the FDA that high levels of dimethylformamide were found in valsartan, a drug produced by Swiss drugmaker Novartis and other...Health and Scienceread more
Check out the companies making headlines before the bell:
Amazon — The e-commerce giant reported earnings per share that easily beat analysts' expectations. The company's quarterly revenue came in just above expectations; however, growth slowed to its lowest level since the first quarter of 2015.
Ford Motor — Ford shares jumped more than 7% in the premarket on the back of better-than-expected first-quarter results. The automaker posted earnings per share of 44 cents on revenue of $37.24 billion. Analysts polled by Refinitiv expected a profit of 27 cents per share on sales of $37.08 billion. Ford's results were boosted by strong demand for its pickup trucks and SUVs in North America.
Qorvo — The Apple supplier's stock was downgraded to "sector weight" from "overweight" at KeyBanc Capital Markets, with an analyst noting: "Our recent supply chain checks indicated that the situation has changed and that AVGO is likely to regain 100% market share of the mid/high-band PAD in the 2019 iPhone."
Intel — The Dow component reported better-than-expected earnings for the first quarter, but those numbers were overshadowed by a weak revenue forecast for 2019. Intel said it expect sales to total $69 billion for 2019, below an estimate of $71.05 billion. Intel shares fell more than 7% before the bell.
Mattel — The toymaker's stock jumped 9% in the premarket, boosted by the company's better-than-expected results for the previous quarter. Mattel reported a loss of 44 cents a share on revenue of $689 million. Analysts polled by Refinitiv expected a loss of 56 cents a share on revenue of $645 million. The company said demand for its Barbie dolls, along with toys based on movies like and "Toy Story" boosted the Mattel's results.
Western Digital — Baird downgraded the chipmaker's shares to "underperform" amid concerns over an increasing "disconnect between significant stock appreciation YTD and a continued deterioration in NAND flash fundamentals." The firm also cut its price target on Western Digital to $40 a share from $50 a share.
Starbucks — Starbucks posted quarterly earnings that topped analysts' expectations and hiked its full-year outlook. The company highlighted strong sales in China and the U.S. But Starbucks shares dipped 0.4% as its quarterly revenue numbers disappointed analysts.
American Airlines — The airline reported mixed quarterly results, with its earnings per share topping estimates while revenue missed. American Airlines also said it took a $350 million pretax hit due to the grounding of Boeing's 737 Max jet. The company also hiked its fuel cost guidance for the year, citing higher oil prices.
FedEx — An analyst at UBS downgraded FedEx to "sell" from "neutral," citing worries that the company's challenges in its Ground & Express businesses "may last longer" than expected.
—CNBC's Vincent Caruso contributed to this report.