The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Check out the companies making headlines before the bell:
Morgan Stanley – The investment bank reported quarterly profit of $1.23 per share, 9 cents a share above estimates. Revenue also beat analysts' forecasts. CEO James Gorman said the quarter was solid across all of the company's businesses.
UnitedHealth – The health insurer reported adjusted quarterly profit of $3.60 per share, 15 cents a share above estimates. Revenue topped forecasts as well, helped by growth in health plan membership. The company also raised its full-year forecast.
Philip Morris International – The tobacco producer earned an adjusted $1.46 per share for its latest quarter, exceeding the consensus estimate of $1.32 a share. Revenue also beat forecasts and the company raised its full-year forecast.
SunTrust Banks – SunTrust topped Wall Street estimates by 3 cents a share, with quarterly profit of $1.48 per share. Revenue also came in above forecasts. SunTrust's profit fell from a year ago on higher non-interest expenses and a larger provision for credit losses. SunTrust is in the process of merging with BB&T, which also reported this morning and also beat estimates on the top and bottom lines.
Honeywell – The industrial conglomerate beat estimates by 2 cents a share, with quarterly earnings of $2.10 per share. Revenue was below Wall Street forecasts. Honeywell's bottom line was helped by higher demand for aircraft parts, and the company raised its full-year earnings forecast based on organic sales growth trends.
Netflix – Netflix reported quarterly profit of 60 cents per share, 4 cents a share above estimates. Revenue beat forecasts as well. Netflix lost U.S. video streaming customers for the first time in eight years, however, and also missed targets for overseas subscriber additions.
IBM – IBM beat estimates by 10 cents a share, with quarterly earnings of $3.17 per share. Revenue was in line with forecasts. IBM's bottom line was boosted by growth in its cloud business, but its revenue declined for the fourth straight quarter.
Ebay – Ebay reported adjusted quarterly earnings of 68 cents per share, 6 cents a share above estimates. Revenue came in just above Wall Street forecasts. The online marketplace also raised its profit outlook.
SAP – SAP reported a 21% decline in second-quarter operating profit, with the business software company also saying investors should not expect a major improvement in profit margins before next year.
Taiwan Semiconductor – The company said it expects a stronger second half of the year as 5G telecom-related demand increases. That follows a decline in second quarter profit for the contract chip maker.
Novartis – Novartis raised its full year outlook for sales and profits, following a 20% rise in second quarter core operating income for the Swiss drugmaker.
Kinder Morgan – Kinder Morgan reported earnings of 22 cents per share for the second quarter, 2 cents a share below forecast. The energy pipeline operator's revenue also came in below Wall Street forecasts.
Wayfair – Wayfair announced that Chief Operating Officer James Savarese and Chief Technical Officer John Mulike will retire from the online furniture retailer.
Advanced Micro Devices – AMD was downgraded to "neutral" from "buy" at Mizuho Securities in a valuation call, with the firm noting an 80% year-to-date runup in the chip maker's shares.