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 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
Markets in Australia and Japan looked set to open slightly lower as investors worried over trade tensions between the U.S. and China.Asia Marketsread 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
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread 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
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Check out the companies making headlines before the bell:
Sonos — The wireless speaker maker's stock dropped more than 12 percent after releasing its first quarterly earnings report as a public company. Sonos posted a loss of 45 cents a share on revenue of $208.4 million. In a statement, the company said its revenue fell 6 percent year-over-year.
Tesla — Tesla shares fell 2 percent in the premarket after Nomura analyst Romit Shah said the stock is "no longer investable. " Shah, who downgraded Tesla to "neutral" from "buy," said that "notwithstanding improving fundamentals, we believe that Tesla is in need of better leadership."
Nike — Nike gained 0.6 percent before the bell after an analyst at Canaccord Genuity upgraded the stock to "buy" from "hold." The analyst also hiked his price target to $95 per share from $78 a share. Canaccord added that Nike's ad featuring former San Francisco 49ers quarterback Colin Kaepernick "a stroke of genius."
Travelers Cos. — The insurance giant's stock was headed for a fourth straight day of losses as Hurricane Florence approaches the Carolinas as a Category 4 storm. Shares of home improvement companies Home Depot and Lowe's, meanwhile, rose in the premarket.
Apple — UBS raised its price target on Apple shares to $250 from $215 citing the company's "recurring hardware revenue stream" from its iPhones. Analysts at the bank also said revenue for Apple's services segment could grow 20 percent on a year-over-year basis for the next two years. Apple close at $218.33 on Monday.
Snap —Snap shares rose 2.3 percent in the premarket after Wedbush Securities upgraded them to "outperform" from "neutral," and hiked its price target to $12.25 a share from $11.50 a share. The analysts noted that recent management changes, including hiring new CFO Tim Stone, "suggest the potential for a shift in strategy" for the embattled company.
Amazon — Analysts at Deutsche Bank said in a note that Amazon's acquisition of online pharmacy PillPack could accelerate the company's move into the health-care space. "We believe it is a question of when and where – and not if – Amazon enters the healthcare space more forcefully," the analysts said in a note.