Morgan Stanley analysts said the reduction was driven by concerns around Chinese demand for Tesla products.Autosread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts expectations, despite a damp start to the spring in much of the U.S.Retailread more
Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
Sources told CNBC that federal officials reached out to 18 state AGs and sent a draft complaint to at least seven of them, but so far no states have committed join the case. The DOJ is still likely to bring one, the sources said.
The $85 billion merger was announced last year but has dragged on as the government reviews it for anti-trust matters.
CNBC earlier reported last week that the government could sue to block a transaction unless AT&T agrees to sell Turner Broadcasting, owner of the CNN cable news channel, or its DirectTV division. But the Justice Department has pushed back on the idea it is trying to force a sale of either of those assets, and AT&T's CEO has said he has no intention of selling CNN.
Last year, the Justice Department under the Obama administration teamed up with 11 states to challenge Anthem's $54 billion acquisition of Cigna, and with eight states to block Aetna's $37 billion of Humana. Both deals were canceled earlier this year.