Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Daniel Povey, a professor who was fired by Johns Hopkins University, said he will no longer go work at Facebook after the company asked him to work as a contractor while it...Technologyread more
Markets would like Fed Chairman Jerome Powell to clarify whether the Fed sees itself at the beginning of a serious, longer-term rate cutting cycle.Market Insiderread more
In comparative terms, CEOs now make on average 278 times the average worker's salary, according to the Economic Policy Institute.Executive Compensationread more
The former cellmate's lawyer, Bruce Barket, told NBC that officials at the jailhouse said in an email that Tartaglione would face no charges or internal discipline now that...Politicsread more
Roger Stone and the Department of Justice have been sparring for a month over whether jurors can be shown a 4-minute-and-20-second clip from the film.Politicsread more
As part of his new proposal to combat hate and violence, O'Rourke wants to make social media companies liable for users' hateful content.Technologyread more
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* Futures rise: Dow 0.21%, S&P 0.25%, Nasdaq 0.49%
May 3 (Reuters) - U.S. stock index futures rose on Friday after two straight sessions of declines for the S&P 500, as investors took comfort from a largely positive earnings season ahead of the release of jobs data.
Over the last two sessions, a record-setting rally in the main stock indexes hit a wall after the Federal Reserve dashed hopes of interest rate cuts this year and said the softness in inflation was mostly due to transient factors.
Inflation watchers will get more clues when the Labor Department releases jobs data for April at 8:30 a.m. ET. U.S. employers were set to have maintained a strong pace of hiring, while steadily increasing wages for workers.
Nonfarm payrolls is expected to rise by 185,000 jobs last month after rising 196,000 in March, according to a Reuters survey of economists. Average hourly earnings are forecast to have risen 0.3% in April after edging up 0.1% in March.
"We're expecting another strong report this month, which begs the question, is the economy really as vulnerable as so many seem to fear?" Craig Erlam, senior market analyst at Oanda, wrote in a note.
"The Fed may have come around to the idea that the risks are mounting and the inverted yield curve may well have given it the creeps but they're not yet bowing to the idea that rate cuts are warranted."
At 7:00 a.m. ET, Dow e-minis were up 55 points, or 0.21%. S&P 500 e-minis were up 7.25 points, or 0.25% and Nasdaq 100 e-minis were up 38.25 points, or 0.49%.
More than 350 S&P 500 companies have reported so far and three-quarters have topped profit estimates, according to Refinitiv data.
The better-than-expected results have turned around earnings estimate for the first quarter to 0.7% rise from a 2% decline at the start of April.
Amazon.com Inc rose 2.4% after CNBC reported Warren Buffett's Berkshire Hathaway Inc has bought shares of internet retailing giant for the first time, though he has not been the one doing the buying.
Cisco Systems Inc fell 1.2%, after fellow network gear-maker Arista Networks Inc forecast weak current-quarter revenue.
Shares of vegan burger maker Beyond Meat Inc jumped 11% after gaining more than 160% in their market debut on Thursday.
Activision Blizzard Inc fell 4.7% after the videogame maker forecast current-quarter profit below expectations as it puts more money into its franchises to battle competition.
Shares of Electronic Arts Inc also declined 1.7% after brokerage MKM Partners downgraded the company's stock to "neutral" from "buy." (Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)