Bank of America (BAC) this morning reported better than expected earnings and revenue. This afternoon, Dow stock IBM (IBM) as well as Netflix (NFLX) and Yahoo (YHOO) issue their results. Yahoo, meanwhile, is said to be taking final bids today in the auction of its core internet business. (CNBC)
Japanese telecommunications and internet giant Softbank has agreed to acquire ARM Holdings, the U.K. tech group that supplies the chips used in iPhones, in a deal worth over $32 billion. Shares of ARM were up more than 40 percent in London trading. (CNBC)
Apple (AAPL) is proposing a simpler but more lucrative music-streaming royalty plan for artists. The tech giant is proposing a 9.1 cent fee for every 100 times a song is played on its one-year-old Apple Music service, which is significantly more than Spotify's rates. (NY Times)
An unmanned rocket from SpaceX, founded by billionaire Elon Musk, blasted off from Florida this morning to send a cargo ship to the International Space Station, then turned around and landed itself back at the launch site. (Reuters)
As the Republican National Convention opens today, Donald Trump trails Hillary Clinton by five points nationally, even after a period of negative news for the presumptive Democratic nominee, according to a new NBC News/Wall Street Journal poll.
Trump, appearing on "60 Minutes" with vice presidential running mate Mike Pence, said he "doesn't care" that the Indiana governor supported the Iraq war when he was in Congress, even though the billionaire has take Clinton to task for the same thing. (CBS)
Trump, on "60 Minutes," also seemed to shift the parameters of his proposed temporary ban on Muslims entering the country, calling for "extreme vetting." Syrian refugees, however, appear to still be on Trump's banned list. (CBS)
A failed military coup in Turkey gives the administration of President Tayyip Erdogan the opportunity to intensify a crackdown on dissenters, according to analysts. Since the weekend takeover attempt, some 6,000 armed forces and judiciary members have been rounded up. (CNBC)
The gunman who killed three Baton Rouge police officers did not lure them to their deaths, but instead carried out Sunday's ambush after a member of the public called 911. On social media, the suspect Gavin Long, who was killed by police, wrote about standing up to "injustice." (NBC News & CNBC)
Antidoping officials from at least 10 nations and 20 athlete groups are preparing the extraordinary step of requesting that the entire Russian delegation is barred from the Summer Olympics over allegations of a state-sponsored doping program. (NY Times)
