Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Check out the companies making headlines midday:
Chipmakers— Shares of chipmakers fell broadly, including Micron falling 0.4% and Qualcomm dropping close to 1% but ending the day positive, after Samsung said its second-quarter profit would likely be down 56% from a year ago. The world's largest smartphone maker and supplier of memory chips cited a weakening demand for chips.
Barrick Gold, Newmont Goldcorp— Gold stocks fell on Friday after U.S. job data rebounded strongly in June, which lowered the chances of an interest rate cut by the Federal Reserve this month and raised the value of the U.S. dollar. Shares of Barrick Gold fell nearly 2% and ended the day down 0.5% and shares of Newmont Goldcorp fell more than 2% and closed down 0.88%.
J.P. Morgan Chase, Bank of America, Citigroup— Bank stocks rose after a stronger-than-expected jobs report jolted interest rates higher. U.S. employment grew by 224,000 jobs in June, easily topping expectations. The benchmark 10-year Treasury note yield jumped to trade back above 2%. J.P. Morgan was up 0.6%, Citigroup rose 0.8% while Bank of America gained 0.72%.
Canopy Growth— Shares of cannabis company Canopy Growth fell 2.2% after the Globe and Mail reported that CEO Bruce Linton's departure from the company followed contention with Constellation Brands CEO Bill Newlands. The report citing sources familiar said Constellation Brands attempted to increase its control over Canopy since becoming it largest shareholder, causing conflict between Linton and Newlands.
Rio Tinto, BHP Group— Shares of mining companies Rio Tinto and BHP fell 5.1% and 3.9% respectively after a report from the China Securities Journal said that authorities in China were concerned over iron ore's recent price jump. The drop in metals on the strong dollar also added to the decline.
Correction: Bill Newlands is CEO of Constellation Brands. An earlier version misstated his status.
— CNBC's Fred Imbert, Marc Rod, and Mallika Mitra contributed to this report.