The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions in its benchmark rate.Marketsread more
Investors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warns.Investingread more
The service will be available on popular platforms such as Apple TV, Google Chromecast and Roku, but not Amazon's Fire TV.Technologyread more
"If he had brought all of his data to the SEC first, he would reap potentially, up to 30% of the potential recovery," says former SEC Chairman Harvey Pitt.Investingread more
J.P. Morgan says investors should remain guarded for the rest of August and wait until next month before buying stocks again.Marketsread more
Check out which companies are making headlines before the bell:
McDonald's—RBC upgraded McDonald's to "outperform" from "sector perform," saying same-store sales and returns on investment will turn positive by year end and continue to grow in 2016. Separately, the fast food chain will pay new Chief Executive Officer Stephen Easterbrook $1.1 million in salary, and will pay outgoing CEO Donald Thompson $3 million for consulting services.
General Electric—A Wall Street Journal article highlights CEO Jeff Immelt's difficulty in convincing investors that his bet on oil and gas will be worthwhile. That comes a day after a generally upbeat GE report from Barclays which nonetheless highlighted a possible increase in sentiment involving a CEO change.
Lumber Liquidators—The flooring retailer plans to provide a "business update" during a 10 a.m. ET conference call on March 12. The stock was slammed on news of a "60 Minutes" report about product safety, but rebounded somewhat Monday.
TiVo—The maker of digital video recorders reported quarterly profit of 7 cents per share, 3 cents above estimates. Revenue also beat forecasts on a rise in customer subscriptions.
Smith & Wesson—The firearms maker earned an adjusted 20 cents per share for its latest quarter, 9 cents above estimate, and revenue was also above analyst forecasts. Smith & Wesson also raised its guidance for the full year on rebounding demand for consumer handguns.
Bob Evans Farms—The restaurant operator has decided not to sell or spin off its foods unit, although it has hired JPMorgan Chase to advise on options for its real estate. Bob Evans also reported a weaker than expected profit for its latest quarter, earning an adjusted 60 cents per share compared to a 71 cent consensus estimate. Revenue also fell short of analyst forecasts.
Ascena Retail—The parent of the Justice, Lane Bryant, and Dress Barn chains earned an adjusted 5 cents per share for its latest quarter, 1 cent below estimates, with revenue also slightly below forecasts. Ascena said conditions remain "challenging" at Justice but added that performance is improving at other brands.
GameStop—The video game retailer raised its quarterly dividend by nine percent to 36 cents per share.
DuPont—DuPont rejected a request to change the way directors are elected, as disagreements escalate between the company and activist investor Nelson Peltz's Trian Fund Management. Peltz has been pushing for "universal proxy," which lets shareholders split votes between company-backed directors and those nominated by activists.
Target—The retailer plans to cut several thousand jobs in a restructuring designed to cut $2 billion in costs.
Apple—The company is exploring a settlement with electric car battery maker A123 Systems, according to a court filing. A123 had accused Apple of poaching top employees. Separately, Apple plans to release a fix shortly for a security bug known as "Freak," which affects its Safari browser on mobile devices and Mac computers.