The EU opened a formal investigation into Amazon on Wednesday centered on how the e-commerce giant uses merchants' data.Technologyread more
Analysts and investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.Financeread more
IAC is set to invest $250 million in Turo, a peer-to-peer car-sharing firm that is often referred to as the "Airbnb for cars."Technologyread more
U.S. officials see the deal as a threat to NATO, for which Turkey provides the second-largest military.World Politicsread more
Google's services have been blocked in China for several years, but the company still has a business there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
Support for U.S. President Donald Trump increased slightly among Republicans after he lashed out on Twitter over the weekend in a racially charged attack on four minority...Politicsread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
Barney Frank, former chairman of the House Financial Services Committee, says that significant progress has been made to reduce the amount of imprudent household lending in...Invest in You: Ready. Set. Grow.read more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
United's Optum is launching a new partnership with John Muir Health aimed at helping the small northern California hospital operator become more competitive with its larger...Health and Scienceread more
Check out the companies making headlines before the bell:
Deere – Deere reported adjusted fiscal third quarter profit of $2.59 per share, compared to the consensus estimate of $2.78. Revenue did beat forecasts, but Deere said it continues to face cost pressures for raw materials and freight.
Tesla — CEO Elon Musk's going-private proposal could be funded in part by Musk's rocket company SpaceX, according to The New York Times. The paper quoted people familiar with the matter as saying that the SpaceX idea is one of several under consideration and that SpaceX would take an ownership stake in the automaker.
Nvidia – Nvidia reported quarterly earnings of $1.76 per share, beating consensus estimates by ten cents, while the chip maker's revenue was slightly above Street forecasts. However, the shares are under pressure after Nvidia gave a lower-than-expected current-quarter revenue forecast, pointing to slowing cryptocurrency-related demand as one factor.
Applied Materials – Applied Materials beat estimates by 3 cents a share, with adjusted quarterly profit of $1.20 per share, with the maker of semiconductor manufacturing equipment also saw revenue top analyst projections. However, its current-quarter forecast for profit and revenue is below Street forecasts, possibly signaling a slowdown in a two-year semiconductor boom.
Nordstrom – Nordstrom came in 11 cents a share above forecasts, with adjusted quarterly profit of 95 cents per share. The retailer's revenue also beat estimates. Comparable-store sales were up 4 percent, well above the 0.8 percent consensus estimate of analysts surveyed by Thomson Reuters. Nordstrom also raised its full-year earnings forecast.
Toyota – The automaker is planning to boost production capacity in China by 20 percent, according to a source quoted by Reuters.
First Data – First Data was upgraded to "overweight" from "neutral" at Atlantic Equities, with the price target raised to $30 per share from $18 a share. The firm said the credit-card processing company has emerging revenue streams and is also favorable on First Data's focus on reducing its debt load.
Adtalem Global Education – Adtalem reported quarterly profit of 86 cents per share, 5 cents a share below estimates. The for-profit college operator – formerly known as DeVry Education Group – also saw revenue come in short of Street forecasts.
Dean Foods – The dairy producer's stock was downgraded to "underweight" from "neutral" at J.P. Morgan Securities, which cites reduced confidence in the company's ability to meet expectations.
Yum China– The restaurant chain's shares were downgraded to "perform" from "outperform" at Oppenheimer, which notes the 46 percent run-up since the company was spun off from Yum Brands in November 2016. Oppenheimer said elevated operating risk along with the current price earnings ratio prompted its downgrade.