Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday afternoon as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
Check out the companies making headlines before the bell:
Chewy – Chewy will debut on Wall Street today after pricing its initial public offering at $22 per share, above the expected range. It also sold more stock than originally planned. Chewy parent PetSmart will receive almost $900 million from the stock sale.
Broadcom – Broadcom reported adjusted quarterly profit of $5.21 per share, beating consensus estimates by 5 cents. The chip maker's revenue missed forecasts, however, and the company predicted a slowdown in chip demand stemming from the trade conflict between the U.S. and China. Broadcom also cut its revenue forecast for 2019 by 8%. Other technology stocks sank on concern about what the Broadcom warning means for demand for technology products. Apple and Cisco were lower in premarket trading.
Mattel — MGA Entertainment CEO Isaac Larian told CNBC's Closing Bell that Mattel is not worth more than $6 per share right now. MGA recently had a second takeover bid rejected by Mattel as not being in the best interests of shareholders, but Larian predicted Mattel would go into bankruptcy protection within a year or so if the status quo is maintained.
Comcast – The NBCUniversal and CNBC parent was rated "buy" in new coverage at Rosenblatt Securities, based on rising broadband market share and expanding cable profit margins.
Volkswagen – Volkswagen is hoping to raise about $2.1 billion from an initial public offering of its Traton trucks unit later this month. The automaker plans to sell a stake of at least 10%.
Sony — Hedge fund Third Point has called on Sony to spin off its semiconductor business, as well as sell stakes in other units. The fund run by investor Daniel Loeb wants Sony to position itself as a leading global entertainment company.
T-Mobile, Sprint — A judge has set a pre-trial hearing for next week in the attempt by 10 states to block T-Mobile's $26 billion buyout deal for rival Sprint. The states say the deal would cost subscribers of the two services more than $4.5 billion annually.
Facebook — Facebook has gotten backing from more than a dozen companies – including Visa, Mastercard, PayPal, and Uber – for a new cryptocurrency. That's according to The Wall Street Journal, which said the new currency will be unveiled next week and launch next year.
Barnes & Noble – A Barnes & Noble investor group said the bookseller's recently-struck deal to sell itself to hedge fund Elliott Management undervalues the company, and wants Barnes & Noble to seek out other offers. Elliott recently agreed to buy Barnes & Noble for $6.50 per share or $475 million in cash.
Blue Apron – Blue Apron announced a 1-for-15 reverse stocks split, effective after today's market close. The meal kit provider said last month it was considering the split to increase the company's stock price and improve liquidity.
Global Blood Therapeutics – The drug maker announced positive results in a late-stage clinical trial for its experimental sickle-cell disease treatment. The Food and Drug Administration has already granted the treatment "accelerated approval" status due to the need for such a treatment.