Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Mursi, a top figure in the now-banned Muslim Brotherhood, had been in jail since being toppled by the military in 2013 after barely a year in power following mass protests...World Politicsread more
Check out the companies making headlines before the bell:
BlackBerry – BlackBerry reported adjusted first-quarter profit of 3 cents per share, compared to analysts' expectations of a breakeven quarter. The software and services company also saw revenue top estimates.
Medtronic – The medical device maker announced a 9 percent increase in its quarterly dividend to 50 cents per share.
United Rentals – The equipment rental company was upgraded to "buy" from "neutral" at UBS, which said cyclical and cost concerns surrounding the company are overdone.
JPMorgan Chase, Bank of America, Citigroup, Wells Fargo – These and other bank stocks are on watch today after 35 of the nation's largest banks passed the Fed's latest stress tests. The tests show that the banks have sufficient capital to weather severe adverse conditions.
Red Hat – Red Hat reported adjusted quarterly profit of 72 cents per share, 3 cents a share above estimates. The software provider's revenue also beat forecasts on strong demand from large companies, but its current-quarter and full-year revenue forecasts are short of analysts' estimates due to a strengthening dollar.
General Motors – GM will build its new Chevrolet Blazer SUV in Mexico, despite ongoing criticism from President Donald Trump aimed at automakers who manufacture vehicles outside of the U.S.
Tesla – The automaker is planning to close a dozen solar facilities in nine states, according to internal company documents seen by Reuters.
Walt Disney – Disney said it would be willing to divest 21st Century Fox assets generating up to $1 billion in earnings, in order to win regulatory approval for its proposed deal with Fox. It had previously said it was willing to divest assets generating $500 million. Analysts consider it likely that NBCUniversal and CNBC parent Comcast will raise its prior offer for those Fox assets.
United Parcel Service – UPS and the Teamsters have reached a tentative agreement on a new five-year labor contract. The prior agreement expires on July 31, and the new pact must still be finalized and then ratified by union members.
Chipotle Mexican Grill – The restaurant chain is testing new menu offerings, including quesadillas, nachos, salads, and chocolate shakes. The new items are limited to the restaurant chain's New York City test kitchen for now but are expected to eventually roll out nationwide.
Molina Healthcare – Molina was upgraded to "buy" from "hold" at Jefferies, which cites confidence In management's turnaround plan for the health insurer.
Tandem Diabetes Care – The San Diego-based medical device maker received Food and Drug Administration approval for its new automated insulin delivery system. Tandem said the device is the first in its category to be approved for use in children as young as six years old.