These are the stocks posting the largest moves before the bell.Market Insiderread more
U.S. stock futures pointed to a higher open on Monday as Treasury yields rebounded to quell fears of a possible recession.US Marketsread more
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
Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Amid the headlines of stores closures and retail bankruptcies, it can be tough to accept that the U.S. consumer is doing just fine.Retailread more
U.S. Commerce Secretary Wilbur Ross said the U.S. will extend a reprieve given to Huawei that permits the Chinese firm to buy supplies from U.S. companies.Politicsread more
Here are the biggest calls on Wall Street on MondayInvestingread more
Dow to jump; Trump defends economy; Huawei hopes for US reprieve; Trump and Apple's Tim Cook meet; president ties Hong Kong protests to China trade disputeMarketsread more
We tested the best way to cut the airport commute time for New Yorkers. The most expensive of the four options we reviewed, Uber Copter, was only 14 minutes faster than mass...Transportationread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Arris stock on Thursday rose over 22 percent—leading the Nasdaq Composite index. The gain was due to an announcement that the , a U.K.-based telecommunications company.
The deal will allow Arris to change its domicile to the United Kingdom, where it will enjoy a 21 percent tax rate, rather than the typical 35 percent rate here in America. Such deals, known as tax inversions, were very much in vogue in 2014. The Department of the Treasury made changes in late 2014 that were meant to discourage inversions by blocking some of the tax benefits.
Inversions may have subsided for a bit, but Arris proves that they aren't dead—and companies are still willing to try them out, if the savings are worth it. Data from Dealogic show that inversions are still trickling in in 2015.
Dealogic counts as an inversion any deal of at least $500 million with at least a 75 percent acquisition in companies in certain tax haven countries and European countries.
"We're acquiring Pace to grow our business, which will benefit our shareholders, employees, customers and partners around the world," said an Arris spokesperson in a statement. "We view the inversion opportunity as a secondary benefit, and as a global company, planning an expanded global presence, it made strategic sense."
Arris just started sponsoring driver Carl Edwards in the Nascar Sprint Cup Series. How will fans of Nascar, which is known for its pro-American audience and Southern heritage, react? Carl Edwards in particular has the most impact on TV ratings when he wins, as compared to any other driver.
Will Edwards' fans—and the sport's fans in general—respond negatively if they realize that their newest sponsor is playing these tax games and now wants to consider itself a foreign company—for the purpose of saving on taxes? The Nascar fan base tends not to sell patriotism for a price. This should be interesting.