Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
U.S. stock futures were mixed this morning, with the Dow tracking higher on strong earnings from Dow components Pfizer (PFE) and Merck (MRK) today but the Nasdaq looking to decline on Alphabet's (GOOGL) disappointment late Monday. The S&P 500 was coming off another up session, which saw the index hit its first all-time intraday high since September 2018. (CNBC)
* Three major pharmaceutical companies just reported earnings — here's how they did (CNBC)
Alphabet (GOOGL) shares were about 7% lower in premarket trading after the Google parent reported revenue that fell below analyst estimates for its first-quarter 2019. The company was also hit with a $1.7 billion fine from the European Commission in the quarter.
Among the other earnings this morning, General Electric (GE), General Motors (GM), Blue Apron (APRN) and MasterCard (MA) were reporting. Apple (AAPL) is the headliner after-the-bell. (CNBC)
* GE shares pop 10% as first quarter earnings beat Wall Street expectations (CNBC)
* GE says Boeing's 737 Max is 'a new risk' to this year's earnings forecast (CNBC)
The Federal Reserve begins its two-day policy meeting today. The policymaking Federal Open Market Committee is almost certain to not raise interest rates, but faces several questions, including on the U.S. economy.
* Fed looks at a new program that could be another version of 'quantitative easing' (CNBC)
The housing sector gets attention today, with the release of the S&P/Case-Shiller Home Price Index for April at 9 a.m. ET. An hour later, the Conference Board's April Consumer Confidence Index is expected as well as pending home sales. (CNBC)
President Donald Trump, three of his children and the Trump Organization sued Deutsche Bank (DB) and Capital One (COF), in a bid to block the two from responding to congressional subpoenas, according a court filing. (CNBC)
Rod Rosenstein, the deputy attorney general whose appointment of special counsel Robert Mueller roiled the Trump administration for two years, has submitted his resignation to the president. (CNBC)
North Korea's vice foreign minister said that the United States will face undesired consequences if it fails to present a new position in denuclearization talks, state media reported. (Reuters)
The White House confirmed that the Trump administration is in the process of reviewing the past writings of conservative economics pundit Stephen Moore, Trump's recently announced pick to join the board of the Federal Reserve. (CNBC)
The Wall Street Journal reported that Boeing (BA) said certain safety alerts on its 737 Max jets didn't operate as airlines would have anticipated because of a previously undisclosed glitch on its part.
The We Company, better known as WeWork, filed confidentially for an IPO. It joins a growing list of tech firms that have filed to go public this year. WeWork's business model continues to rely on heavy funding from private investors, namely SoftBank. (CNBC)
Facebook's (FB) annual F8 developer conference beginning today promises to put a focus on its messaging apps as the social network shifts toward privacy. CEO Mark Zuckerberg told analysts he plans to talk about Facebook's privacy product road map. (CNBC)
Health officials confirmed another 78 cases of measles last week, urging people to get vaccinated as they battle the worst year for the disease in 25 years. Nearly three-quarters of this year's measles cases were in unvaccinated people, the CDC said. (CNBC)
Eli Lilly (LLY) posted first-quarter financial results of $1.33 per share on revenue of $5.09 billion. Analysts had expected earnings of $1.31 a share on revenue of $5.12 billion. The pharmaceutical company also raised its full-year guidance.
MGM Resorts (MGM) posted first-quarter earnings per share of 5 cents, compared to the 21 cents forecast by analysts. The hospitality company earned $3.18 billion in revenue, topping estimates of $3.13 billion surveyed by Refinitiv.
AK Steel (AKS) reported first-quarter results of 23 cents earnings per share, beating expectations by 10 cents. Revenue came in at $1.70 billion, lower than the $1.74 billion estimated on the Street.
Yum China (YUMC), the parent company of Pizza Hut and KFC, posted quarterly earnings per share of 59 cents on revenue of $2.30 billion. Analysts estimated earnings per share of 54 cents on revenue of $2.26 billion, according to Refinitiv consensus estimates. Same-store sales increased 4%, compared to the expected increase of 1.8%.
Western Digital (WDC) posted third-quarter earnings that missed estimates on the top and bottom lines. It earned $3.67 billion in revenue, missing estimates of $3.68 billion. Earnings per share were 17 cents, lower than the expected 46 cents.
Starbucks (SBUX) signaled the start of warmer weather by rolling out its summer menu. The coffee chain is bringing back three Frappuccino favorites and introducing a new iteration of the cold brew, along with the Dragon Drink. (CNBC)