Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread 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
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 only 11 days after signing the wide receiver. The NFL Super Bowl champions initially had kept him in the face of a rape claim,...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
Check out the companies making headlines in midday trading on Friday:
General Electric — Shares of General Electric soared 9.7% after analysts and the company's CEO stood behind the stock following a report alleging accounting issues. GE's stock tumbled Thursday after Madoff whistleblower Harry Markopolos called the company's accounting "a bigger fraud than Enron," but CEO Larry Culp bought nearly $2 million worth of stock to signal his confidence and several analysts pushed back against Markopolos conclusions.
Nvidia — Nvidia's stock jumped 7.3% after it reported better-than-expected fiscal-second quarter earnings. The chip maker earned $1.24 per share, excluding certain items, versus $1.15 per share as expected by analysts, according to Refinitiv. Its revenue also beat estimates.
Dillard's – Shares of Dillard's fell 2.3% after the retailer reported an adjusted quarterly loss of $1.74 per share, wider than the 70 cent loss estimated by Wall Street. The retailer's revenue was also slightly below forecasts, with comparable store sales falling 1%.
Bank stocks — Bank stocks rallied along with the rise in bond yields. The group took a big hit earlier this week as bond yields hit their historic lows and a key part of the yield curve briefly inverted. They came under pressure because falling rates would it harder to make a profit lending money. Citigroup rose more than 3.5%, while Bank of America climbed 3% and J.P. Morgan gained 2.4%.
Deere — Shares of Deere rose 3.8% despite the machinery company missing analyst expectations for earnings and revenue and lowering its full year guidance. The tractor manufacturer reported adjusted earnings of $2.71 per share on $8.97 billion in revenue, missing Wall Street's estimates of $2.85 per share and $9.39 billion in revenue, according to Refinitiv. The stock was already down 13% for the month, and Rob Wertheimer of Melius Research told CNBC the lowered guidance "wasn't too bad."
Tapestry — Shares of Tapestry rebounded on Friday, gaining 2.6% after hitting 52-week lows the day before. Bernstein maintained its outperform rating on the stock, lowering its near-term earnings estimates for the company by 13% but saying "valuation with a long-term view remains compelling, if the brands are not broken."