President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Check out the companies making headlines after the bell:
Netflix fell more than 12% in after-hours trading following the release of its second-quarter earnings. The streaming giant reported global net adds of 2.7 million — much lower than earlier stated guidance of 5 million — and blamed its content slate for the shortfall. The company reported earnings per share of 60 cents on revenue of $4.92 billion. Analysts were expecting earnings per share of 56 cents on revenue of $4.93 billion, according to Refinitiv.
Shares of IBM rose as much as 4% before losing those gains and falling 1% after the company's second-quarter earnings report. Results were better than analysts expected, but the stock gave up its gains during the company's earnings call. The technology services company reported second quarter earnings per share of $3.17 on revenue of $19.16 billion. Analysts surveyed by Refinitiv had expected earnings per share of $3.07 on revenue of $19.16 billion. The company's CEO Ginni Rometty, noted strong performance across IBM's Cloud and Cognitive Software Segment.
eBay rose 6% after the e-commerce company's second-quarter earnings beat expectations. Excluding one-time items, eBay reported earnings of 68 cents per share on revenue of $2.69 billion. Analysts had expected earnings per share of 62 cents on revenue of $2.68 billion, according to Refinitiv.
Kinder Morgan fell 2% after its second-quarter earnings just missed Wall Street's estimates. The energy company reported adjusted earnings per share of 22 cents on revenue of $3.59 billion. Analysts polled by Refinitiv were expecting earnings per share of 24 cents on revenue of $3.59 billion.
United Rentals fell 6% after the holding company cut its 2019 revenue outlook to a range of $9.15 billion to $9.45 billion, compared to its prior outlook of between $9.15 billion and $9.55 billion. The company reported adjusted earnings per share of $4.74 on revenue of $2.29 billion. Analysts had expected earnings of $4.46 on revenue of $2.27 billion, according to Refinitiv.
Shares of Wayfair fell 4% after the online furniture retailer announced its COO James Savarese and CTO John Mullike will retire in 2019.