Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread 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
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
Stocks in Asia jumped on Wednesday morning following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
Tesla loses vice president of HR and head of diversity, Felicia Mayo, one of a few black woman executives to break Silicon Valley's glass ceiling.Technologyread more
Union Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.Mad Money with Jim Cramerread more
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
American Airlines pilots plan to tell lawmakers they are still concerned about fixes to grounded Boeing 737 Max planes.Airlinesread more
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
Check out the companies making headlines midday Monday:
Nvidia, Micron Technology, Advanced Micro Devices — The chipmakers fell all at least 1.7% after President Donald Trump threatened to hike tariffs on Chinese goods, dimming hopes that a trade deal between the world's economies could be reached.
Bausch Health — Shares of the pharmaceutical company formerly named Valeant gained more than 8.5% after raising its 2019 outlook. The company now expects full-year adjusted EBITDA to come in between $3.40 billion and $3.55 billion, up from a range of $3.35 billion to $3.50 billion. Bausch also reported better-than-expected quarterly earnings.
Sysco — The wholesale food company's stock rose more than 3% on better-than-expected earnings for its fiscal third quarter. The company earned 79 cents a share last quarter, while analysts polled by Refinitiv expected a profit of 70 cents.
Tyson Foods — Tyson shares rose 2.6% after the company posted strong earnings for its second quarter. The food company reported earnings of $1.20 per share on revenues of $10.44 billion. Wall Street had forecast a profit of $1.14 per share on sales of $10.29 billion, according to Refinitiv.
Five Below — Five Below fell 2.6% after Barclays downgraded the discount retailer's stock to equal weight from overweight. Despite raising their price target for the stock to "reflect continued business momentum," the investment bank stated that at $140, they believe Five Below is "fully valued [and] therefore cannot warrant an Overweight rating."
Pinterest — Shares of Pinterest rose 4% after Susquehanna initiated the social media company as with a neutral rating. In a note to clients, Susquehanna said Pinterest's user base "is skewed toward women and especially mothers, and this should be attractive to advertisers as women tend to control household purchasing."
Anadarko Petroleum — Anadarko Petroleum rose 3.8% after CNBC's David Faber reported that the board of directors on Monday is likely to deem Occidental Petroleum's buyout offer superior to Chevron's bid from last month.