The S&P 500 is only about 3% from its recent record high despite a tariff panic sell-off, negative investor sentiment and stock outflows.Trading Nationread more
A sell-off in chip stocks intensified on Monday following a report that semiconductor makers are cutting ties with Huawei following the Trump administration's restrictions.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Sprint and T-Mobile US on Monday will announce a series of changes to their $26 billion deal, while U.S. regulators are expected to announce agreement on the conditions...Technologyread more
Wedbush cuts its price target on Tesla shares to $230 from $275.Investingread more
The suit claims Lyft failed to disclose issues it knew about concerning its bike-sharing program and labor.Technologyread more
Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million.Personal Financeread more
Bostic expressed confidence in the economy, and in the Fed's position on monetary policy, during an interview Monday with CNBC's Steve Liesman on "Squawk Box."The Fedread more
Stocks fell on Monday as the intensifying fallout from a U.S. crackdown on Huawei pressured the technology sector.Marketsread more
A daily morning look at the financial stories you need to know to start the day
-Stock futures are slightly down after yesterday's flat close. The ADP private sector jobs report is out at 815am Eastern ahead of the big May jobs report out tomorrow.
-The ADP number is going to be a bit more closely watched today. Here's why:
-Goldman Sachs has cut its price target on Apple.
-One UBS expert says the Brexit vote is more important than the Fed's rate decision later this month.
-Crude prices are flat and holding at the $49/barrel level.
-Gasoline prices rose fractionally overnight and are holding at $2.32/gallon, national average.
-The big OPEC meeting is underway in Vienna.
-In the most solid proof yet that Saudi Arabia is diversifying, the nation is investing $3.5 billion in Uber.
-A new NBC/WSJ/Marist poll shows Hillary Clinton leads Bernie Sanders by just 2 percentage points in California. That's forcing Mrs. Clinton to spend even more time in the state ahead of Tuesday's primary.
-More big investors on Wall Street are getting more comfortable with the idea of a Trump presidency.
-Union leaders are starting to work hard to head off Donald Trump's appeal to the white working class.
-Hillary Clinton's campaign raised $27 million in May and has $42 million in the bank.
-The Obama administration will unveil new rules for payday lenders today.
-Johnson & Johnson is buying hair care products company Vogue International for $3.3 billion.
-Tribune's annual shareholder meeting is today and things will be contentious as investors debate the buyout offer from Gannett.
-The smaller the Obamacare premium price hike, the more limited the healthcare options.
-Global spending on cancer drugs was $107 billion last year.
-Switzerland is holding a national referendum this weekend to decide whether to give everyone in the country a no-strings-attached $2,500 monthly payment. Many experts say this is better than traditional welfare or minimum wage laws.
-There are so many new entertainment choices for "TV" shows that Nielsen is having to adjust its metrics to make up for record low ratings for traditional broadcast shows.