Presumptive GOP presidential nominee, Donald Trump, claims Amazon (AMZN) has "a huge antitrust problem." Trump also accuses Amazon CEO Jeff Bezos, who owns The Washington Post, of using the paper to influence Congress to not tax Amazon appropriately. (Reuters)
Facebook (FB) CEO Mark Zuckerberg has launched an investigation into claims the social network suppressed pro-conservative stories and forced other stories into the social media site's influential "trending topics" list. (CNBC)
Alibaba (BABA) and SoftBank today announced plans to form a joint venture to launch cloud computing services in Japan, underlining the Chinese e-commerce giant's global ambitions in the space. The venture will be a 60-40 split between Softbank and Alibaba. (CNBC)
Honda (HMC) posted a surprise fourth quarter loss, due to costs related to recalls of airbag inflators made by Japan's Takata Corporation. Honda lost nearly $860 million for the quarter. Honda forecast a 13.2 percent rise in net profit for the current year. (Reuters)
Israel-based Mobileye (MBLY) struck agreements with two unnamed automakers to provide self-driving car systems in 2019. Mobileye is considered a market leader, given its current share in the market for components needed to enable self-driving features. (WSJ)
The Obama administration is stepping up the fight over bathroom equality. The federal government will tell public schools across the country today they should allow transgender students to use bathrooms and locker rooms consistent with their gender identity. (NBC News)
Investor Mark Cuban said Democratic presidential front-runner Hillary Clinton should pick a VP like himself. Cuban, a Trump supporter, said the fellow billionaire is "that guy who'll walk into the bar and say anything to get laid." (The Hill)
The Secret Service said it would investigate Trump's longtime butler over Facebook posts laced with vulgarities and epithets calling for President Barack Obama to be killed. The Trump campaign said it "totally and completely" disavows the statements. (NY Times)
BY THE NUMBERS
This Friday the 13th marks the busiest day of what's otherwise been a rather weak for economic numbers, beginning with the release of April retail sales and the April producer price index at 8:30 a.m. ET. The University of Michigan's mid-May consumer sentiment index and the government's March business inventories are both out at 10 a.m. ET.
Jeffrey Gundlach, CEO of DoubleLine Capital, said the Fed will finding it challenging to raise interest rates again this year. Fed officials seem to disagree about the timing and number of rate hikes in 2016, he said on an investor webcast.
Fed Chair Janet Yellen said she "would not completely rule out the use of negative interest rates in some future very adverse scenario," in a letter to a congressman this week.
STOCKS TO WATCH
Dillard's (DDS) posted a quarterly profit of $2.17 per share. That was 35 cents below estimates, with revenue also registering a slight miss. Dillard's posted a 5 percent drop in same store sales, more than twice what analysts had been predicting.
Nvidia (NVDA) beat estimates by a penny with quarterly profit of 33 cents per share. Revenue was also above expectations. The graphics chipmaker's profit was up by 46 percent from a year earlier, on increasing demand from videogame players willing to pay for better performance.
Shake Shack (SHAK) reported adjusted quarterly profit of 8 cents per share, 3 cents above estimates. Revenue also beat. Same store sales jumped 9.9 percent, way outpacing estimates. Shake Shack also raised full-year revenue and sales growth.
WATERCOOLER
For a limited time, McDonald's (MCD) is cooking its Quarter Pounders with fresh beef, but only in 14 locations around the Dallas-Fort Worth area. McD's usually flash freezes its burgers. The chain's San Francisco test of garlic fries sold out earlier this week. (CNBC)