Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
Check out the companies making headlines before the bell:
Alphabet — The Google-parent reported better-than-expected earnings but its stock dropped nearly 8% in the premarket after posting a slowdown in advertising revenue growth. The company said its ad revenue grew by 15.3% in the first quarter, down from 24.4% in the year-earlier period.
General Electric — The industrial giant reported better-than-expected quarterly results as the company works to simplify its business and turn around the company. CEO Larry Culp also reaffirmed General Electric's 2019 forecast, sending the stock up 8.5%.
AK Steel — Shares of the steel company rose 3.7% in the premarket after reporting earnings per share for the previous quarter that beat expectations. The company's results got a boost from higher prices.
MGM Resorts International — The casino operator's stock fell 3.2% on a big miss on quarterly earnings. MGM posted a profit of 5 cents per share, while analysts polled by Refinitiv expected earnings of 21 cents per share.
Western Digital — Shares of the data storage company fell about 5.5% on the back of weaker-than-expected fiscal third quarter results. Western Digital posted adjusted earnings per share of 17 cents on revenue of $3.67 billion. Analysts expected a profit of 46 cents per share on sales of $3.68 billion.
Yum China — Yum China posted first-quarter numbers that topped estimates amid strong performances from key businesses like KFC and Pizza Hut. The company posted adjusted earnings per share of 59 cents on revenue of $2.3 billion. Analysts polled by Refinitiv expected a profit of 54 cents per share on sales of $2.26 billion. Same-store sales rose 4% in the quarter, well above a forecast of 1.8%.
ConocoPhillips — ConocoPhillips shares rose 1.5% on the back of better-than-expected earnings and revenue. The company earned $1 per share on revenue of $10.1 billion. Analysts had forecast a profit of 90 cents per share and revenue of $9.039 billion.
Eli Lilly — Eli Lilly reported quarterly earnings that topped expectations and raised its full-year profit guidance. However, the stock fell more than 3% as revenue came in just below expectations.
McDonald's — The Dow Jones Industrial Average component posted stronger-than-forecast results for the first quarter as same-store sales grew at a stronger pace than expected. McDonald's earnings came in at $1.78 per share, 3 cents above a Refinitv estimate. Sales for the company totaled $4.956 billion, topping a $4.933 billion forecast.
MasterCard —The credit card company posted quarterly earnings and revenue that topped analysts' expectations, sending its stock up more than 1%. MasterCard reported earnings per share of $1.78 on revenue of $3.899 billion. Analysts polled by Refinitiv expected a profit of $1.66 per share on revenue of $3.856 billion.