Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The embattled leader is expected to outline a timetable for her successor to be chosen.Europe Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Assets under management at Swiss private bank Julius Baer rose 12% in the first four months of 2019 to a record 427 billion Swiss francs ($425.34 billion).Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Congress should hold an antitrust hearing into the Amazon-Whole Foods deal to figure out what the implications of the transaction may be, Rep. David Cicilline, D-R.I., told CNBC on Tuesday.
Last week, Cicilline wrote a letter to Rep. Bob Goodlatte, R-Va., the House Judiciary Committee chairman, and Rep. Tom Marino, R-Pa., the chairman of the Subcommittee on Regulatory Reform, Commercial and Antitrust Law, asking them to look into the issue.
"People have a lot of anxiety about the creeping monopolies and mega-mergers that are giving consumers less and less power in the marketplace," Cicilline said in an interview with "Closing Bell. "
He said it was not his intention to block the deal, but rather to explore the possible ramifications surrounding it.
"This is an important transaction. We should study it carefully. We should understand the implications … on jobs, on competition, on the marketplace and what the impact will be on consumers," said Cicilline, a ranking member of the Subcommittee on Regulatory Reform, Commercial and Antitrust Law.
He also said it is an opportunity to see if antitrust laws need to be updated.
"Our antitrust laws were enacted ... more than 100 years ago in the context of railroad monopolies, and maybe in the face of automation and this new economy, the digital economy, we need to do some refreshing of our antitrust statutes," Cicilline said.
He's not the only one who wants the pending acquisition looked into. On Monday, the United Food and Commercial Workers Union, which represents retail workers, called on the Federal Trade Commission to scrutinize the deal. The union doesn't represent Whole Foods employees but 800,000 clerks and other workers at grocery chains.
"Amazon arguably poses a greater threat to our retail economy than any other online or traditional brick and mortar grocer," UFCW International President Marc Perrone wrote in a letter to the FTC.
Meanwhile, Amazon is also taking another step into the food space, registering a trademark in the U.S. on July 6 for a meal-kit business.
The news, which hit Sunday, sent shares of meal-kit provider Blue Apron tumbling on Monday and prompted CNBC's Jim Cramer to say, "You just have to hope that you don't wake up in the morning and see Amazon has decided to get in your business."
— CNBC's Sarah Whitten, Berkeley Lovelace Jr. and Reuters contributed to this report.