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
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
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
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
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Check out the companies making headlines before the bell:
Dave & Buster's Entertainment – Dave & Buster's reported quarterly profit of $1.13 per share, missing consensus estimates by a penny a share. The restaurant chain's revenue also fell short of forecasts, as comparable sales declined by 0.3%. The company also lowered its full-year forecast.
Raytheon, United Technologies – The merger deal between the defense contractors is opposed by activist investor William Ackman, who owns a significant position in United Technologies. Ackman wants the company to call off the deal, according to a letter sent to CEO Greg Hayes and seen by The Wall Street Journal. Ackman said the deal makes no strategic sense.
Medidata Solutions – The medical cloud software company agreed to be acquired by French software maker Dassault Systems for $5.8 billion in cash or $92.25 per share. Medidata had closed Tuesday at $94.75.
PepsiCo – PepsiCo executive Laxman Narasimhan was named the new chief executive officer at British consumer products giant Reckitt Benckiser. Narasimhan is PepsiCo's global chief commercial officer, and will become CEO at Reckitt on September 1.
Qualcomm – Qualcomm is running into opposition, as attempts to put an antitrust decision against the chipmaker on hold while it pursues an appeal. Both the Federal Trade Commission and Korea's LG Electronics registered their opposition, with LG saying it was worried it might be forced into signing what it calls another unfair patent licensing agreement.
Mattel – The toy maker rejected a second takeover offer from Bratz doll maker MGA Entertainment, according to emails that MGA CEO Isaac Larian shared with Reuters. Mattel's chief legal officer told Larian that the company's board felt that the latest proposal was not in the best interests of Mattel and its shareholders. MGA had first approached Mattel about a takeover in April 2018.
Tesla – CEO Elon Musk told the automaker's annual shareholder meeting that the company had a "decent shot" at a record quarter, as he sought to allay concerns about demand for Tesla's electric vehicles.
Marsh & McLennan – Marsh & McLennan was downgraded the "market perform" from "outperform" at Keefe Bruyette & Woods, with the firm citing valuation for its call on the insurer's stock.
Brinker International – The restaurant operator was upgraded to "outperform" from "market perform" at Telsey Advisory Group. Telsey points to potential upside from the Chili's parent from its partnership with restaurant delivery service DoorDash.