The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
At least five reports have surfaced of Galaxy Note 7 phones overheating or catching fire, according to the AP, despite a global recall of the handsets last month. The continuing issues with the phones, which compete with Apple's iPhone 7, have led some to sound the death knell for the product.
"We see a more favorable competitive landscape and higher Android switcher rates for AAPL over the next 12-18 months as Samsung's issues may weigh on future product launches and given AAPL's strong potential offerings," wrote Angelo Zino, equity analyst at CFRA Research.
Apple's shares bounced 1.75 percent to $116.06 on Monday, hitting a intraday high of $116.75, the highest level since December 10, 2015. The move had the most positive impact on the Nasdaq 100 Monday. CNBC reached out to Apple for comment.
"We recognize that carrier partners have stopped sales and exchanges of the Galaxy Note7 in response to reports of heat damage issues, and we respect their decision," Samsung told CNBC. "We are working diligently with authorities and third party experts and will share findings when we have completed the investigation. Even though there are a limited number of reports, we want to reassure customers that we are taking every report seriously."
Samsung shares closed down 1.52 percent in the Korean trading session, but are still up 15 percent over the past three months as the conglomerate reported stronger-than-expected earnings. In addition to a wide range of products, Samsung produces chips and screens for its rival smartphone makers.
Apple shares are up around 20 percent over the same three-month period, when it debuted its new iPhone 7. Analysts surveyed by FactSet expect Apple to sell 45 million iPhone units in the September quarter, down from 48 million a year ago but up from 39 million in 2014, when the iPhone 6 debuted.
It all comes just a day before the pair are slated to face off in the Supreme Court over a smartphone design patent case.