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
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
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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
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
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Check out the companies making headlines before the bell:
Walmart — The retail giant reported adjusted quarterly profit of $1.13 per share, 11 cents a share above Wall Street forecasts. Revenue came in below estimates, however, largely due to currency-related headwinds. But comparable-store sales at Walmart's U.S. locations rose 3.4%, beating the Refinitiv consensus of 3.3%.
Cisco Systems — Cisco reported adjusted quarterly profit of 78 cents per share, beating the consensus estimate of 77 cents a share. The networking equipment maker's revenue also beat Street forecasts, and Cisco also gave better-than-expected current-quarter revenue guidance.
Pfizer — The drugmaker was named a "top pick" at Credit Suisse following a meeting with Pfizer's management team. Credit Suisse said the meeting increased its confidence in both management and the prospects for Pfizer's new products.
PG&E — The utility's transmission lines caused California's Camp Fire last year, according to a determination by state fire investigators. The fire, which killed 85 people, was the deadliest and most destructive wildfire in California history.
XPO Logistics — XPO investors rejected a shareholder proposal calling for an independent chair, and also approved the logistics company's executive compensation plan. The debate over executive compensation came amid a 50% drop in shares over the past eight months and a profit forecast for 2019 that has been lowered twice.
Sony — Sony announced it would buy back 4.8% of its stock, about $1.8 billion worth, through the end of the current fiscal year next March. Sony had announced its first-ever share buyback plan in February.
Flowers Foods — Flowers reported adjusted quarterly profit of 32 cents per share, 2 cents a share above estimates. The maker of Wonder Bread and other baked products also saw revenue beat forecasts. Higher prices helped overcome slower sales.
Dillard's — Dillard's beat estimates by 19 cents a share, with quarterly profit of $2.99 per share. The retailer's revenue was in line with forecasts, however comparable-store sales were flat compared to expectations of a 1.3% increase.
KB Home — KB Home was upgraded to "outperform" from "sector perform" at RBC Capital Markets, which pointed to improvements in the home builder's pricing.
Tesla — The automaker's senior director of communications, Dave Arnold, is leaving Tesla after 2-1/2 years, according to sources who spoke to TechCrunch.